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6 days agoIT stocks lag amid profit-taking even as markets strike four-week winning streak
India’s benchmark indices paused on 24 October after a six-day rally, with the Nifty IT sub-index under-performing as IT stocks saw profit-taking despite robust earnings season. While the broader Nifty 50 rose for a fourth consecutive week, the tech segment dragged amid concerns around margin pressure and elevated valuations. Analysts say the narrowing of participation to commodity and cyclical sectors highlights rotation. Investors are now focused on key global cues—especially U.S. inflation data—and India’s export momentum for the next leg of stock-market gains.
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neutral
6 days agoIT stocks lag amid profit-taking even as markets strike four-week winning streak
India’s benchmark indices paused on 24 October after a six-day rally, with the Nifty IT sub-index under-performing as IT stocks saw profit-taking despite robust earnings season. While the broader Nifty 50 rose for a fourth consecutive week, the tech segment dragged amid concerns around margin pressure and elevated valuations. Analysts say the narrowing of participation to commodity and cyclical sectors highlights rotation. Investors are now focused on key global cues—especially U.S. inflation data—and India’s export momentum for the next leg of stock-market gains.
Explore:Mutual Fund Screening
neutral
IT stocks lag amid profit-taking even as markets strike four-week winning streak
6 days ago
1 min read
83 words
Despite a four-week gain in Indian benchmarks, IT stocks lagged as profit-taking surfaced amid rotation into commodities and cyclicals.
India’s benchmark indices paused on 24 October after a six-day rally, with the Nifty IT sub-index under-performing as IT stocks saw profit-taking despite robust earnings season. While the broader Nifty 50 rose for a fourth consecutive week, the tech segment dragged amid concerns around margin pressure and elevated valuations. Analysts say the narrowing of participation to commodity and cyclical sectors highlights rotation. Investors are now focused on key global cues—especially U.S. inflation data—and India’s export momentum for the next leg of stock-market gains.
India’s benchmark indices paused on 24 October after a six-day rally, with the Nifty IT sub-index under-performing as IT stocks saw profit-taking despite robust earnings season. While the broader Nifty 50 rose for a fourth consecutive week, the tech segment dragged amid concerns around margin pressure and elevated valuations. Analysts say the narrowing of participation to commodity and cyclical sectors highlights rotation. Investors are now focused on key global cues—especially U.S. inflation data—and India’s export momentum for the next leg of stock-market gains.
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Oct 24, 2025 • 10:56 IST