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IT Stocks Outlook For The Week - 24 To 28.09.2018

IT Stocks Outlook For The Week - 24 To 28.09.2018

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             Equity Cash/Futures/Options Segment 

Stocks of information technology companies are expected to witness some correction next week,
following the recent uptrend. Last few weeks, the IT stocks have been positive and they have
matured now, so some short-term correction can be witnessed. Stocks of information technology
companies had gained over the past few weeks as rupee weakened against the US dollar. These companies benefit from a fall in the home currency as they export their services and earn a major share of their revenue in dollars. Movement in the Indian currency against the US dollar, and the trend in the broader market would be closely watched by investors in the upcoming week.

 Source : Cogencis Information Services Ltd.

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