Economic TimesLean R·
TCS, Wipro, other IT stocks rebound up to 6%, snapping 8-day losing streak. Why is Jefferies cautious?
IT investors finally found some relief as the shares of TCS, Wipro, Coforge and others rebounded up to 6% on Wednesday, snapping a massive eight-session-long losing streak, although brokerages remained cautious ahead of the upcoming Q2 earnings season.Nifty IT jumped nearly 3% to cross 28,380 on Wednesday morning, after dropping more than 5% over the past eight sessions. IT stocks were among the top gainers on market today as the US dollar strengthened further, wrapping up its best month since …
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