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As a result of the weakness in America s BFSI space, the domestic IT sector will see a moderate performance for the fourth quarter ended March, said Morgan Stanley. ....
The recent surge to all-time highs isn t just a pre-election rally, according to Sunil Subramaniam, MD and CEO of Sundaram Mutual. He views it as a sustainable trend and suggests that large-cap IT stocks will provide portfolio stability in case of a rebound in the sector. He doesn t expect private banks to take the leadership just yet. ....