Everyone selling IT stocks after record crash, but this Rs 1.3 lakh crore mutual fund doing the exact opposite
Analysis of this story by et_markets · 10 Mar 2026, 1:18 PM IST (about 2 months ago)
AI Analysis
The IT sector is facing headwinds from global slowdown concerns and AI disruption, but long-term investors may see value in established players.
Trading Insight
Consider long-term accumulation strategy for quality IT stocks, betting on a rebound.
Quick check: HCLTECH bearish bias (oversold), INFY bearish bias (oversold).
Key Evidence
- •Foreign investors dumped Rs 17,000 crore in India's IT sector in February.
- •PPFAS Flexicap Fund aggressively bought shares in HCL Technologies, Infosys, and TCS.
- •This move contrasts with analyst downgrades and widespread sector pessimism due to AI fears.
- •Risk flag: Prolonged global economic slowdown
- •Risk flag: Faster-than-expected AI disruption
Affected Stocks
Sectors:auto
Sources and updates
Original source: et_markets
Published: 10 Mar 2026, 1:18 PM IST
Last updated on Anadi News: 10 Mar 2026, 3:44 PM IST
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