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IT stocks in todays session made a comeback with a strong rebound with the Nifty IT index jumping nearly 3.8% to around 29,850 during the session. The index also touched an intraday high of 30,056 due to buying across the sector after the recent crash. The in IT Stocks today was mainly because of the improved investor…
The technical structure has weakened materially, with the most important development being the Nifty
Sensex may find support at 71,000–71,200 as Nifty eyes 22,800. Analysts see room for a brief rebound, but foreign selling, higher oil prices and bond yields remain key risks to stocks.