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Nifty: IT takes another blow, stocks decline - The Economic Times

The likelihood of a slowdown in the US and Europe has led to investors and analysts turning cautious about the IT sectors prospects. Most large software services exporters derive a large chunk of their revenues from developed economies. The dim outlook for IT spending has resulted in analysts cutting earnings estimates for these companies.
Krish Beriwal Pankaj Pandey Anuj Kotewar Abhishek Kumar Abhishek Bhandari Jm Financial

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