Global Investment Bank, Nomura expressed its view on the IT sector. It expects that the sector EPS upgrade will continue.
It said its order of preference for Large -caps as follows:
Its order of preference for mid-caps is as follows:
On Friday, Nasdaq down around 1%. Generally, it impacts the performance of our IT stocks too. However, positive cues from SGX Nifty and this report of Nomura may have a positive effect on our IT sector. Moreover, IT stocks have seen a correction last week. So, today the sector may see some upward movement.