Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-06-15 11:35:33| The Economic Times

In the last few days, there have been trading sessions where all of sudden IT stocks have started to do well. This is coming at a time when there is nothing positive which either companies from the sector have said or there is anything else which can be seen as signs of things changing for better. Is this an first indication that global risk on trade is back on the table. There is enough evidence to show when US interest rates are high, there is a risk off mode globally and tech stocks both in India and globally don't outperform, rather they at times under perform. As soon as there is an indication that interest rates in the US are likely to come down, the risk on trade tends to make a comeback and tech stocks start to do well globally. But incase of Indian IT stock, there is probability that this risk on trade is helpful but another factor is adjustment of valuations and finally the fact that some money is going to move toward a strong and stable balance sheet.


Category: News and Media

 

Latest from this category

17.07Amazon workers narrowly reject union in historic vote
17.07Dhammika Niroshana, former Sri Lanka U-19 cricket captain, shot dead in front of his family in Galle
17.07Inflation holds steady at 2% in year to June
17.07Five big problems the Starmer government has to fix
17.07UK banking giant HSBC names new chief executive
17.07Harland & Wolff reworks call for government help
17.07China tycoon Guo Wengui found guilty of fraud in US
17.07Safety system malfunction snarls rush hour Metra trains, officials say
News and Media »

All news

17.07Amazon workers narrowly reject union in historic vote
17.07Dhammika Niroshana, former Sri Lanka U-19 cricket captain, shot dead in front of his family in Galle
17.07Inflation holds steady at 2% in year to June
17.07Five big problems the Starmer government has to fix
17.07UK banking giant HSBC names new chief executive
17.07Trading Transformation: Mastering Markets with Real-Time Simulation Techniques
17.07Harland & Wolff reworks call for government help
17.07Wednesday Watch
More »
Privacy policy . Copyright . Contact form .