IT Stocks Outlook For The Week - 31.12.2018 To 04.01.2019
Stocks of information technology companies are seen subdued in the coming week, following the recent rise in the rupee against the dollar. Strength in the rupee against the greenback does not bode well for information technology companies as they earn most of their revenue in dollars. Low investor participation on account of holiday mood is also likely to keep stocks of information technology companies under pressure. The rupee's movement against the dollar and trends in global markets will provide cues to stocks of information technology companies. Investors may also start positioning themselves for Oct-Dec earnings announcements, given that information technology majors Tata Consultancy Services and Infosys are usually among the first few companies to detail their quarterly earnings.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Stocks of information technology companies are seen subdued in the coming week, following the recent rise in the rupee against the dollar. Strength in the rupee against the greenback does not bode well for information technology companies as they earn most of their revenue in dollars. Low investor participation on account of holiday mood is also likely to keep stocks of information technology companies under pressure. The rupee's movement against the dollar and trends in global markets will provide cues to stocks of information technology companies. Investors may also start positioning themselves for Oct-Dec earnings announcements, given that information technology majors Tata Consultancy Services and Infosys are usually among the first few companies to detail their quarterly earnings.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
