Should You Start Investing In IT Stocks Before Trump Takes Oath On January 20th?
17/01/2025
The IT sector is under focus as the rupee hits a record low and markets await Donald Trump’s first comments after taking office. With earnings season around the corner, questions arise about whether IT stocks still present a favourable risk-reward ratio or if elevated valuations and uncertainties make this a no-go area. Market expert Raghvendra Singh provides his detailed insights on the IT sector’s outlook. He highlights that the weakening rupee could boost IT companies’ results over the next couple of quarters. However, he also cautions about potential profit booking after a robust rally in recent months. Raghvendra Singh’s Nifty IT Index Analysis: Current level: 43,700, Stop-loss: 43,000 and Potential downside target if 43,000 is breached: 39,000.
