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As the Nifty IT index had seen a huge buying on last Friday, Milan Vaishnav of Gemstone Equity Research believes it is certainly a great time to start accumulating IT stocks.
The market seems to have reacted to the MPC move as the benchmark indices rallied sharply in the previous session to hit the highest level of current calendar year. Today, the Nifty and Sensex turned volatile
Milan Vaishnav of Gemstone Equity Research expects the Bank Nifty index to consolidate just below 44,000 levels and eventually break out higher.
Infosys won deals worth $2.1 billion in the fourth quarter, lower than $3.3 billion in Q3. Meanwhile, TCS’ deal wins remained strong at $10 billion