A maturing market amid the mayhem
BSE IT index falls
The BSE IT index slipped 3.25 percent on Friday after Infosys, which posted better-than-expected results, warned currency volatility could crimp growth for the outsourcing sector.
The stock closed 3.4 percent lower, after rising as much as 2 percent to a record high of 3,249 rupees on results. Both Wirpo and TCS ended 3.5 percent lower.
The IT sector index is still up 17.1 percent so far this year. Do you think it’s the right time to enter the sector?