IT stocks rebounded after a sharp sell-off triggered by Accenture’s guidance cut, with gains led by Coforge and Tech Mahindra. Analysts see valuations turning attractive but caution that volatility may persist. Technical indicators remain weak, with key support and resistance levels suggesting markets need stabilisation before any sustained recovery.
Indian IT stocks rebounded up to 3% after a significant sell-off triggered by Accenture's guidance cut, with Coforge and Tech Mahindra leading gains. Analysts now find valuations attractive but caution that market volatility may persist. Technical indicators suggest that…
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