Explained: Why Wipro, Infosys and other IT stocks rose up to 1% despite Rs 12 lakh crore market selloff - The Economic Times

+18.4

Market Impact Score

-100 Bearish+100 Bullish

AI Analysis

The IT sector often acts as a defensive play or benefits from currency depreciation during broader market corrections.

Monitor the IT sector for relative strength during market volatility, but consider current valuations.

Quick check: WIPRO neutral (oversold), INFY bearish bias (oversold).

•Wipro, Infosys and other IT stocks rose up to 1% despite Rs 12 lakh crore market selloff.
•Risk flag: Global economic slowdown impacting IT spending
•Risk flag: Currency fluctuations (USD/INR)

Positive

Rose despite a broader market selloff, indicating resilience.

INFYInfosys

Positive

Rose despite a broader market selloff, indicating resilience.

Sectors:it

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