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Divam Sharma is still underweight in the IT space. Given the recession and slowdown expectations in the west, IT companies in India have given feeble guidance.
Indian benchmark equity indices opened higher on Friday. Investors await exit polls post-elections and GDP data release. India's fourth-domestic quarter GDP data is due later in the day.
The gains in Nifty were led by financial services and telecom stocks. Meanwhile, IT and oil and gas stocks declined.
Benchmark indices Sensex, Nifty opened higher on Friday ahead of Q4FY24 GDP data.
Indian equity indices snapped their five-day fall and opened higher on Friday following an over five per cent fall in the Indian Volatility Index (India VIX).At 9:50 am, Sensex was up 484 points or 0.67 per cent, at 74,380 and Nifty was up 125 ...