A maturing market amid the mayhem
IT counters post decent gains
The BSE IT Index gained 1.7 percent on Tuesday as expectations of revenue growth for the June quarter pushed up export-focused outsourcing firms.
All stocks in the IT index, except Mphasis, closed in positive territory, with Rolta India leading the list of gainers with a jump of 4.1 percent.
Biggies Tata Consultancy Services and Infosys rose 2.5 percent and 1.6 percent respectively, helping the Sensex in its 173-points rise.
Kotak Securities has said it expects 5.2 – 6.7 percent constant currency revenue growth for the tier-1 IT companies for the June quarter.
Do you think IT stocks will continue to rise from here?