I.T Stocks Outlook for the week - 07 to 11.11.2016
Movement of stocks of information technology companies is expected to be mixed next week as
investors await the outcome of the US presidential election to be held on Tuesday. Domestic
markets are broadly expected to be weak as foreign institutional investors are expected to remain
cautious ahead of the election results, and the broad weakness will weigh on the sector.
Information technology companies' stocks are likely to fall if Republican nominee Donald Trump
wins the election. Trump's anti-immigration stance is seen weighing on the sector, which employs a
significant part of its workforce on work visa. The Indian currency is largely seen steady against the
US dollar. However, if Trump comes to power, the currency may see a sharp fall. This would have a
dampening effect on the sector which consists of large software exporters to the US. However, if
Democrat nominee Hillary Clinton wins, then this might bring positively in the sector.
Certain midcap companies such as Mphasis and Intellect Design Arena are likely to see some buying
because of robust Jul-Sep earnings announced on Thursday.
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investors await the outcome of the US presidential election to be held on Tuesday. Domestic
markets are broadly expected to be weak as foreign institutional investors are expected to remain
cautious ahead of the election results, and the broad weakness will weigh on the sector.
Information technology companies' stocks are likely to fall if Republican nominee Donald Trump
wins the election. Trump's anti-immigration stance is seen weighing on the sector, which employs a
significant part of its workforce on work visa. The Indian currency is largely seen steady against the
US dollar. However, if Trump comes to power, the currency may see a sharp fall. This would have a
dampening effect on the sector which consists of large software exporters to the US. However, if
Democrat nominee Hillary Clinton wins, then this might bring positively in the sector.
Certain midcap companies such as Mphasis and Intellect Design Arena are likely to see some buying
because of robust Jul-Sep earnings announced on Thursday.
