I.T Stocks Outlook for the week – 15 to 18.11.2016

I.T Stocks Outlook for the week – 15 to 18.11.2016

   ( www.rupeedesk.in )

Click Here  & Register To Get 2 days Trial Tips

Free Intraday Tips : Join Our Whatsapp No : 9841986753

Republican Donald Trump's unexpected victory in the US presidential elections has left investors

with a cautious view on the Indian information technology sector, shares of which are seen trading

with negative bias next week.

However, the sector may get some respite as the Indian currency is likely to fall further against the

US dollar, helping software exporters. The IT sector, which took a severe hit following Britain's

decision to exit the European Union, is expected to take another beating with Trump at the helm of

US policies. The president-elect during his campaign had promised stringent immigration and trade

norms, which are likely to hurt earnings of Indian IT companies.

I.T Stocks Outlook for the week – 17 to 21.10.2016

I.T Stocks Outlook for the week – 17 to 21.10.2016

  ( www.rupeedesk.in )

Click Here  & Register To Get 2 days Trial Tips

Free Intraday Tips : Join Our Whatsapp No : 9841986753

Information technology companies are expected to be volatile next week as investors align

their positions after a dismal show by sector peers Tata Consultancy Services and Infosys in

the September quarter.

The broader market is expected to consolidate next week as investors would be cautious

ahead of corporate earnings for the quarter ended September and due to lack of significant

triggers. Focus will now shift to Wipro, HCL Technologies, and Mindtree who will detail their

earnings on Friday.

Tata Consultancy Services reported its lowest ever quarter-on-quarter rise in sales, recording

a meagre 1% growth in constant currency terms. The software major's consolidated net

profit rose 4.3% on quarter to 65.86 bln rupees.

Infosys decided to cut its dollar sales growth guidance by 260-310 basis points to 8.2-9.2%

for the current financial year, thereby spooking several investors who were expecting only a

100-basis-point cut. The Bengaluru-based firm's decision to cut the sales growth target for

the second time since April led to the Nifty IT index hitting a six-month low of 10116.70

points intraday.

For the next week, movement in the IT sector is expected to be stock-specific. Negative

sentiment in Infosys' stock is likely to persist next week while Tata Consultancy Services'

stock may see some buying

I.T Stocks Outlook for the week – 29.08.2016 to 02.09.2016 (Subdued next week; to negative bias)

I.T Stocks Outlook for the week – 29.08.2016 to 02.09.2016

(Subdued next week; to negative bias)

Stocks of information technology companies are expected to continue their downward

trend next week as negative bias over the sector is largely expected to continue. The

only solace would be possibility of depreciation in Indian currency next week that may

cap the fall in stock of Indian software exporters.

Weakness in the broader market is also seen weighing on the IT stocks after Federal

Reserve Chair Janet Yellen who at the Jackson Hole Economic Policy Symposium

signalled likely hood of an interest rate hike soon. Yellen said the case for another

interest rate hike is strengthening, sending a strong signal the US central bank is

preparing to increase rates at of the Federal Open Market Committee meeting to be held

on Sep 20-21.

Infosys Ltd said that it expects uncertainties created by 'Brexit' to continue and the loss

of a contract from the Royal Bank of Scotland may not be a one-off case. The company

said clarity on the extent of impact of Brexit on it will emerge in October but did not

clarify whether it will review or retain its sales growth guidance for 2016-17 (Apr-Mar).

This further dampened the view on its stock and on the sector.

I.T Stocks Outlook for the week – 25 to 29.07.2016 (Expected to be stock specific, bullish on TCS, Tech Mahindra)

I.T Stocks Outlook for the week – 25 to 29.07.2016

(Expected to be stock specific, bullish on TCS, Tech Mahindra)

 ( www.rupeedesk.in )

Next week, trading in information technology stocks is expected to be stock-specific, with most

companies trading in a narrow range amid a positive bias in the broader market.

This week, Wipro and Mindtree, among others, had posted lower-than-expected earnings for Apr-Jun.

This weighed on sentiment in the IT sector, which was already negative after Infosys cut its guidance

for the current financial year started April.

The rupee, which ended at 67.08 a dollar yesterday, is expected to open down against the greenback

on Monday, as weakness in the euro and the pound sterling may continue to weigh on it. This is seen

impacting the IT sector, which includes several large software exporters to the US.

Investors will eye Larsen & Toubro Infotech, which will detail its Apr-Jun earnings on Jul 28. The IT

subsidiary of infrastructure giant Larsen & Toubro listed on stock exchanges on Thursday, at a 6%

discount to its issue price of 710 rupees.

I.T Stocks Outlook for the week – 18 to 22.07.2016 (In range; Infosys' sales growth aim cut to weigh)

I.T Stocks Outlook for the week – 18 to 22.07.2016

(In range; Infosys' sales growth aim cut to weigh)

( www.rupeedesk.in )

Stocks of information technology companies are seen trading in a range with negative bias next week

after sector leader Infosys cut sales growth guidance for 2016-17 (Apr-Mar). Losses in the sector are

seen restricted as optimism in the broader market and rupee movement are seen reviving the

sentiment.

The Indian currency, which ended at 67.0625 rupees against the dollar, is expected to trade in a narrow range next week. During the week, Tata Consultancy Services and Infosys detailed their Apr-Jun earnings.

Yesterday, Infosys cut its sales growth guidance in dollar terms for 2016-17 (Apr-Mar) to 10.8-12.3%

from 11.8-13.8% earlier. The IT major also cut its sales growth guidance in rupee terms to 11.7-13.2% from 12.7-14.7%, and in constant currency terms to 10.5-12.0%, compared with 11.5-13.5% earlier. The Bengaluru-based company reported a 4.5% sequential decline in its consolidated net profit to 34.4 bln rupees in Apr-Jun. Its consolidated net sales rose 1.4% on quarter to 167.8 bln rupees in Apr-Jun. Despite weak earnings.

I.T Stocks Outlook for the week – 18 to 22.04.2016

I.T Stocks Outlook for the week – 18 to 22.04.2016

 ( www.rupeedesk.in )

Stocks of information technology companies are seen trading in a range next week, the

following steady Jan-Mar performance reported by Infosys. Infosys stock may open weak as its Jan-Mar earnings, detailed today, did not have any surprises.

All eyes will now be on Tata Consultancy Services and Wipro, which will detail their quarterly earnings on Monday and Wednesday, respectively.

Infosys reported 3.8% sequential rise in Jan-Mar consolidated net profit at 35.97 bln

rupees, and 4.1% rise in consolidated net sales at 165.5 bln rupees, in line with expectations. The company guided for dollar sales growth of 11.8-13.8% in 2016-17

(Apr- Mar), in line with market expectations of above 10-12% growth forecast by industry body NASSCOM.

After Infosys' steady performance for the March quarter, that of TCS and Wipro is expected to set the trend for the sector. Among mid-cap companies, Mindtree, Cyient and Persistent Systems will detail their Jan-Mar earnings next week.

I.T Stocks Outlook for the week – 22 to 26.02.2016 Seen trading with a positive bias next week

I.T Stocks Outlook for the week – 22 to 26.02.2016

 ( www.rupeedesk.in )

Stocks of information technology companies are seen trading with a

positive bias next week on the back of weakening rupee and recovering

broader equity market. In fact, they expect IT stocks to outperform the

broader market.

On Wednesday, the Indian currency had closed at 68.47 against the

dollar, its lowest closing level since Aug 28, 2013.

There may be some volatility in the broader market next week on account

of the expiry of derivatives contracts on Thursday and this may peculate

to movement in some IT stocks too.

While, Nifty 50 had risen 3.3% this week, the CNX IT Index rose 4.3%

and the IT stocks are likely to lead further recovery in the broader market

next week also.

Announcements of acquisitions by industry majors such as Wipro and

HCL Technologies this week have improved investment sentiments for

the sector. Wipro announced its plan acquire US-based insurance

technology provider HealthPlan Services for $460 mln, while HCL

Technologies has initiated take over of Volvo Group's IT arm.

Also, the market will take cues from Budget Session that starts Tuesday

before taking bets. The sectors expects major reforms including

exemption from minimum alternate tax, clarity on transfer pricing norms

and Goods and Services Tax scheme implementation from the upcoming

Budget.

I.T Stocks Outlook for the week – 04 to 08.01.2016 (Seen trading with range bound volatility)

I.T Stocks Outlook for the week – 04 to 08.01.2016

(Seen trading with range bound volatility)

  ( www.rupeedesk.in )

Stocks of information technology companies are seen trading in a

narrow range as investors and market participants are likely to refrain

from decision making ahead of Oct-Dec earnings. Do not expect any

major triggers in the sector ahead of earnings.

Infosys Ltd, which will kick off the earnings season for the IT sector, will

detail its earnings on Jan 14. Wipro Ltd is set to detail earnings on Jan 18.

The Indian rupee, which has strengthened against the US dollar in the

last three sessions, is expected to continue its upwards trend. The

appreciation in the domestic unit will weigh on the IT sector as a majority

of them have clients based outside India.

IT Stocks Outlook for the week – 28.12.2015 to 01.01.2016 Seen range bound with stock-specific movement

IT Stocks Outlook for the week – 28.12.2015 to 01.01.2016

Seen range bound with stock-specific movement

 ( www.rupeedesk.in )

Stocks of information technology companies are seen trading in range and stockspecific

movement is expected in the following week. Analysts do not expect major

triggers in the sector ahead of earnings.

Reasonable valuations of some midcap companies such as Just Dial, Sonata Software,

Geometric and KPIT Technologies have led market participants and investors to have

a positive bias towards these stocks. Infosys and Tata Consultancy Services are

expected to see some positive movement as participants would prefer to invest in safe

stocks in a market which is seen volatile next week.

Analysts have a mixed view on Wipro which made an announcement of acquisition of

US-based Viteos Group in a bid to expand its capital market portfolio in fund

accounting services and to enhance the company's business process services

capabilities. Wipro has been lagging peers in growth terms. Whle not materially

aiding to revenues, assuming 20% each in FY16-17, the acquisition adds ~0.5% to

overall growth...While these acquisitions do not alter our FY17-18 EPS estimates

materially, it will help the company bridge the growth gap with peers.

The weak sentiment around Tech Mahindra post the acquisition of Italian car designer

Pininfarina continues to persist and the stock is expected trade slightly negative next

week. We expect the near-term stock price performance to be subdued... At current

levels, valuation is reasonable, which is likely to prevent a major downside. HCL

Technologies' stock is also seen trading slightly negative in the following week.

I.T Stocks Outlook for the week – 12 to 16.10.2015 (Infosys and Tcs Jul-Sep earnings to set trend)

I.T Stocks Outlook for the week – 12 to 16.10.2015

(Infosys and Tcs Jul-Sep earnings to set trend)

  ( www.rupeedesk.in )

Infosys Ltd, the first in the sector to announce Jul-Sep earnings, is expected to set the trend for information technology company stocks next week. The Bengaluru-based company will detail its Jul-Sep earnings on Monday followed by Tata Consultancy Services Ltd, which will announce its results on Tuesday.

Market participants have pinned their hopes on positive earnings from these two large-cap companies, given that HCL Technologies Ltd had issued a profit warning that its dollar-denominated sales in Jul-Sep will be adversely impacted and that it will take a $200 mln charge to resolve a dispute with a client.

If Infosys and TCS perform well, the sector will see buying interest barring HCL Technologies, which is expected to be rangebound in following sessions.

I.T Stocks Outlook for the week – 21 to 25.09.2015 (Positive on fresh deals, steady US interest rate)

I.T Stocks Outlook for the week – 21 to 25.09.2015

(Positive on fresh deals, steady US interest rate)

 ( www.rupeedesk.in )

Recent contract wins by major information technology companies unchanged have put the sector in a favourable position. Investor sentiments also improved on the back of strong consumer spending data from the US.

The US dollar fell sharply against the rupee post the Fed's decision. The rupee's rise is expected to be short-lived over concerns of further slowdown in China and other markets. The Indian currency ended at 65.67 rupees per dollar and is seen trading between 65.25-66.00 rupees in the next week.

Broader market is likely to be volatile next week with a positive bias on defensive stocks ahead of expiry of the September futures and options contracts on Thursday. The CNX IT index is expected to cross 12300-point level in the next few sessions, as market participants are seen responding to the various triggers in the week.

Recently, the Delhi government signed an agreement with Wipro Ltd for setting up and maintaining a control room for emergency response medical services. Infosys Ltd has also won an order to implement its banking solutions for Australian Qantas Credit Union.

Infosys will stick to the 25% (plus or minus 1%) margin guideline for 2015- 16 (Apr-Mar) and is looking at all possible levers for cost optimisation, Chief Executive Officer Vishal Sikka said at Investors Forum 2015 in Hong Kong.

Tata Consultancy Services Ltd and HCL Technologies Ltd have both launched new digital services strengthening their aim to increase revenues from the digital space.

I.T stocks Outlook for the week – 07 to 11.09.2015

I.T stocks Outlook for the week – 07 to 11.09.2015

 ( www.rupeedesk.in )

Information technology stocks are seen range bound, but are expected to outperform the broader

market next week as investors prefer to hold on to defensive stocks amid a slump in the market.

Broader market sentiments are weak as foreign institutional investors have exited some investments due to concerns about global economic slowdown.

Keeping in line with the broad market weakness, stock price of IT stocks have undergone correction. But the continuing depreciation of the rupee is seen favourably impacting these companies' margins.

The rupee, which ended at 66.46 per dollar, is expected to further weaken against the dollar in the following week in light of upbeat US employment data. Tata Consultancy Services Ltd has raised salaries for entry-level employees by up to 10%. This has shown a positive sign for the company and the sector.

Recently, HCL Technologies Ltd and Wipro Ltd have tied up with Manchester United and Chelsea Football Clubs respectively to provide various digital initiatives. These deals by the two large-cap IT companies have improved the sentiments of market participants.

Recently, MindTree completed the acquisition of UK-based Bluefin Solutions and US based-

Relational Solutions. These acquisitions are expected to aid the company's margins. Additionally,

Cyient has completed the acquisition of Global Services Engineering Asia, a division of aerospace manufacturer Pratt & Whitney Services Pte Ltd.

I.T Stocks Outlook for the week – 27 to 30.04.2015

I.T Stocks Outlook for the week – 27 to 30.04.2015

 ( www.rupeedesk.in )

Stocks of the state-owned oil marketing companies--Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp--are seen trading in a range next week in the absence of any triggers and a damp broad market.

The Street will be focusing on companies reporting earnings and the market is seen weak in the near term. Domestic indices are expected to trade with a negative bias next week with concerns over minimum alternate tax, weak rupee and disappointing corporate earnings weighing on sentiment.

The damp market sentiment is also likely to rub off on the oil companies' stocks.

I.T Stocks Outlook for the week- 30.03.2015 to 01.04.2015

I.T Stocks Outlook for the week- 30.03.2015 to 01.04.2015

 ( www.rupeedesk.in )

Stocks of information technology companies are expected to trade in line with the broader

market ahead of Jan-Mar results. IT stocks fell by 3-6% this week, compared to a fall of around 3.8% in broader indices, on anticipation that fourth-quarter results are going to be below estimates.

Persistent Systems, considered one of the best mid-cap IT companies in India, announced that its fourth-quarter revenue growth has been impacted by ramp down in one of its large clients in the product engineering segment.

This is likely to result in a muted sequential revenue growth, against expectation of a high singledigit growth. Persistent's is only the latest of a slew of negative earnings outlook revisions, on the lines of KPIT Technologies and Tata Consultancy Services Ltd.

The US dollar has strengthened considerably against key currencies like the EURO, GBP and

AUD given improving US economic data and likelihood of the US Federal Reserve increasing rates later this year.

While the dollar has been strengthening against currencies such as the euro, the Indian rupee has not fallen in proportion to counterbalance the impact of falling global currencies. In the quarter, the dollar has risen only by around 0.3% against the rupee.

The Indian National Rupee has not depreciated that significantly of late against the USD

compared with other global currencies, aided by factors such as favourable fund flows, an

expected improvement in India's GDP growth under the NDA government and lower inflation.

I.T Stocks Outlook for the week – 19 to 23.01.2015

I.T Stocks Outlook for the week – 19 to 23.01.2015

( www.rupeedesk.in )

Stocks of information technology companies are likely to trade on a strong footing, buoyed by

broader optimism in the market and a good set of quarterly numbers from Infosys and Wipro

Ltd.

On yesterday, Wipro reported a 5.5% sequential jump in its revenue for Oct-Dec, the highest of

the three big IT companies. The performance was not just ahead of Street expectations, but also

that of the company's own recent history. Wipro and Infosys had been reporting muted growth

for much of the last three years, and have taken various steps over the past one year to bring

themselves back to the growth path.

Both the companies posting better-than-expected results is likely to lift the mood in IT counters

next week, largely negating the effect of poor results reported by Tata Consultancy Services Ltd.

The momentum on IT stocks remained mixed yesterday. The weak results from TCS kept IT

stocks under pressure. The recent stability in the rupee, which has been on a losing streak and

talk of global weakness also weighed on IT stocks.

However, the negative sentiment around TCS' results will be more than offset by the good

numbers reported by Wipro, which has not given good news to its investors in the last several

quarters. The coming week will also see results announcement by KPIT Technologies Ltd

(Wednesday) and Persistent Systems Ltd.

While Persistent has been among the better performing mid-cap IT stocks. Two key IT stocks,

HCL Technologies and Tech Mahindra, have been running up ahead of their results, but they are scheduled to report their numbers only by the end of this month.

I.T Stocks Outlook for the week – 10 to 14.11.2014

I.T Stocks Outlook for the week – 10 to 14.11.2014

 ( www.rupeedesk.in )

Stocks of information technology companies are expected to continue trading positive next week on upbeat US economic data released on Thursday. The US is the largest market for Indian IT services companies and economic revival there invariably means better business for IT companies in India.

In the Jul-Sep quarter, North America contributed 60.8% to Infosys' total revenue, while North America and Latin America together contributed 52.9% to Tata Consultancy Services' revenue. All IT stocks are either at or near their 52-week highs, which signifies a bullish trend for the sector.

During the week, Cognizant posted moderate Jul-Sep results, recording a 2.5% sequential growth in revenue to $2.58 bln. However, what really surprised investors was the company's lifting of its full-year guidance to 15% growth, which is also the upper end of Nasscom's 13-15% guidance for the IT sector.

Today, Infosys announced a strategic partnership with Tableau Software, under which the former will integrate the business analytics company's software into the solutions it deploys to help clients unlock the power of data.

During the week, Infosys also announced its plans to hire over 2,100 employees, including 600 graduates, in the US to support the growth of its business and enhance capabilities.

On Thursday, Wipro and NYSE-listed open source solutions provider Red Hat Inc announced global expansion of their partnership to accelerate deployment of open hybrid cloud solutions. As part of the expanded collaboration, Red Hat and Wipro will work together to develop and deliver "enterprise-grade cloud solutions to the market, and will also jointly deliver next-generation DevOps solutions for continuous integration and testing," Wipro said in a release.

Investors will continue to closely track the rupee as currency movement is crucial to IT companies. Typically, for every 1% change in the rupee-dollar equation, margins of Tier I Indian IT companies are impacted by 25-35 basis points.

I.T Stocks Outlook for the week – 03 to 07.11.2014

I.T Stocks Outlook for the week – 03 to 07.11.2014

 ( www.rupeedesk.in )

Stocks of information technology companies are expected to continue trading on the green zone

next week after a stellar performance this week on signs of an economic revival in US.

The real gross domestic product in the US increased at an annual rate of 3.5% in Jul-Sep,

according to the advance estimate released by the Bureau of US is the largest market for Indian

IT services companies and an economic revival there invariably means better business for

technology companies in India. In the Jul-Sep quarter, North America contributed 60.8% to

Infosys' total revenue, while North and Latin America together contributed 52.9% to Tata

Consultancy Services' revenue.

During the week, mid-sized IT services company Mphasis reported a 1.7% sequential decline in

consolidated revenue to 14.6 bln rupees because of a slowdown in its US mortgage industry

service business.

Yesterday, all IT stocks closed significantly higher on week except Wipro, which ended up only

0.61%. Wipro posted a weak second quarter earnings last week wherein its IT services revenues

grew merely 1.8% sequentially, lagging its peers Infosys (3.1%) and TCS (4.6%).

Infosys stocks yesterday closed at a new high of 4051.25 rupees on the National Stock Exchange

on optimism in the US and in line with the share indices.

The Sensex hit a lifetime high of 27894.32 intraday and ended at an all-time closing high of

27865.83, up 519.50 points or 1.9% from Thursday's close. The broader 50-share Nifty rose

above 8300 and hit a new high of 8330.75 points intraday before ending at a record closing high

of 8322.20, up 153.00 points or 1.9%.

Investors will continue to closely track the rupee as currency movement is crucial to IT

companies. Typically, for every 1% change in the rupee-dollar equation, margins of Tier I Indian IT companies are impacted by 25-35 basis points.

I.T Stocks Outlook for the week – 27 to 31.10.2014

I.T Stocks Outlook for the week – 27 to 31.10.2014

 ( www.rupeedesk.in )

Stocks of information technology companies are expected to trade in the negative next week as

Wipro's earnings numbers announced on Wednesday dampened market sentiment. In the Jul-Sep

quarter, Wipro's IT services revenues grew merely 1.8% sequentially to $1.77 bln lagging its

peers Infosys (3.1%) and Tata Consultancy Services (4.6%).

For most IT services companies, investors closely monitor the dollar sales numbers as clients

overseas get billed in dollars.

Wipro has guided revenue in the range of $1.81 bln to $1.84 bln for the third quarter ended Dec,

implying a sequential revenue growth of 2-4%. Even in terms of net profit, Wipro's Jul-Sep

consolidated net profit declined 1% sequentially to 20.85 bln rupees as operating margins

declined to 22.0% from 22.8% in the previous quarter.

Wipro's management had said during the earnings that it continued to face "headwinds" in

certain geographies such as Europe.

The market was closed on Thursday and Friday though it had opened for a special trading

session on Thursday. During this "Muhurat Trading", the 50-share Nifty closed at a one-month

high of 8014.55 though Wipro fell 4.01% to close at 560.25 rupees on the National Stock

Exchange.

Next week, investors will keep an eye on mid-sized IT services firm Mphasis which is scheduled

to announce its second quarter results on Wednesday.

Investors will continue to closely track the rupee as currency movement is crucial to IT

companies. Typically, for every 1% change in the rupee-dollar equation, margins of Tier I Indian IT companies are impacted by 25-35 basis points.

I.T Stocks Outlook for the week – 18 to 22.08.2014

I.T Stocks Outlook for the week – 18 to 22.08.2014
( www.rupeedesk.in )

Next week, stocks of information technology stocks are likely to move in response to

macroeconomic trends and company-specific news. As all market-moving events like

quarterly financial results are over, IT stocks are not expected to show any sector-specific

trend but move with the overall market sentiments.

The current quarter (Jul-Sep) is traditionally a strong quarter for IT companies as

majority of the revenue flows in during this period. So, a general optimism is likely to

prevail.

Investors will continue to closely track the rupee as the currency movement is crucial for

IT companies. IT companies bill majority of their revenues in dollars and consequently

they earn more if the Indian currency falls against the dollar.

Typically for every 1% change in the INR/USD equation, margins of tier 1 Indian IT

companies are impacted by 25-35 basis points. However, volatility in the rupee has

significantly come down and consequently any stock movement based on the rupee is

unlikely.

Next week, the immediate events that will be watched by the market the GST (Goods and

Services Tax) meeting on 20th August. Given the hype and preparation for Modi's

speech, market expectations on announcement over big reforms are high.

Overall, the market was in the green zone this week. "Markets rose by more than 0.5%

last day and by more than 3% for the week on the back of expectations of further reforms from the government and reduced concerns on the geopolitical situation across the world.

I.T Stocks Outlook for the week – 11 to 14.08.2014

I.T Stocks Outlook for the week – 11 to 14.08.2014

( www.rupeedesk.in )

Stocks of information technology stocks are likely to take cues from macroeconomic

factors. As all significant events impacting the market such as financial results are over,

IT stocks are not expected to show any sector-specific trend but move with the broader

market.

Investors will continue to closely track the rupee as currency movement is crucial for IT

companies. IT companies bill majority of their revenues in dollars and consequently they

earn more if the Indian currency falls against the dollar. Typically, for every 1% change

in the INR/USD equation, margins of tier 1 Indian IT companies are impacted by 25-35

basis points.

The rupee touched an over five-month low against the dollar earlier today as global

tensions mounted after US President Barack Obama authorised air strikes in Iraq, and as

tensions between Ukraine and Russia showed no signs of easing. The rupee closed the

week at 61.14 per dollar.

Global markets closed in the negative for the week on the back of geopolitical tensions.

The US authorising targeted air strikes on Iraq was the latest trigger. There was growing

unease over the crisis in Ukraine.

Indian markets were not insulated from the selloff in global markets as it signed off the

week in the negative zone... Going ahead, geopolitical tensions would continue to be in

limelight, we believe. Investors are advised to utilise the opportunity to buy into quality

stocks with strong management pedigree.

Among IT stocks, Infosys was the biggest gainer over the week. Infosys stocks ended up

4.23% yesterday from last Friday's close, on optimism around Vishal Sikka who came on

board as the chief executive officer and managing director on August 1. Investors are

expecting a turnaround from Sikka and Infosys stocks are likely to be trading in the

positive zone next week. Any commentary by Sikka on the company's plans and outlook will be closely watched upon by the market.