[MMB TCS] rupees apriciate so IT stocks come up but I think its a temporarily , do not run to buy IT stocks, also results r near w...

Rupee appreciation is generally negative for export-oriented sectors like IT, as it reduces their dollar-denominated earnings when converted to INR. This macro factor can override sector-specific positives.

Consider shorting IT stocks or reducing exposure if the rupee continues to strengthen, especially before earnings announcements.

For Indian markets, this story mainly matters for the macro pocket. The current signal is bearish, so traders should watch whether the effect spreads across the sector or stays limited to a single name.

Watch whether the next market session confirms the setup described here: Rupee appreciation negatively impacts export-oriented IT companies' revenues and profitability, and the current rise is seen as temporary. Also track volume confirmation, sector participation, and whether the move holds beyond the first reaction.

• •Rupees appreciate so IT stocks come up.
• •Author believes it's a temporary effect, advises not to run to buy IT stocks.
• •Upcoming results are near, which might look good compared to prices going down, but sustainability is doubtful.
• •Risk flag: Currency fluctuations can significantly impact IT sector profitability.
• •Risk flag: Market sentiment can quickly shift if earnings guidance is weak despite good headline numbers.