I.T Stocks Outlook For The Week - 17 To 21.12.2018
Stocks of technology companies are likely to be weak next week, as the focus shifts to sectors that
are dependent on liquidity. Technology stocks could take a backseat, as investors choose stocks of
automobile, real estate, and non-banking financial companies due to expectations of liquidity boost
from the Reserve Bank of India. Seasonal weakness in the December quarter, the recent strength
in the rupee, and concerns about talent supply in the US could also keep sentiment for these
stocks weak.
Source : Cogencis Information Services Ltd.
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Stocks of technology companies are likely to be weak next week, as the focus shifts to sectors that
are dependent on liquidity. Technology stocks could take a backseat, as investors choose stocks of
automobile, real estate, and non-banking financial companies due to expectations of liquidity boost
from the Reserve Bank of India. Seasonal weakness in the December quarter, the recent strength
in the rupee, and concerns about talent supply in the US could also keep sentiment for these
stocks weak.
Source : Cogencis Information Services Ltd.
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