IT sector: As the global interest rate cycle changes, time to shed the bias against them? 7 software stocks with upside potential of upto 32 % - The Economic Times
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IT stocks have started performing well in recent trading sessions, indicating a possible return of the global risk-on trade. When US interest rates are high, tech stocks tend to underperform, but when there is an indication of lower interest rates, tech stocks perform well globally. In the case of Indian IT stocks, the risk-on trade is helpful, along with valuation adjustments and money moving towards strong balance sheets.

#ItSector #GlobalInterestRateCycle #SoftwareStocks

https://m.economictimes.com/markets/stocks/news/it-sector-as-the-global-interest-rate-cycle-changes-time-to-shed-the-bias-against-them-7-software-stocks-with-upside-potential-of-upto-32-/articleshow/111018590.cms