IT Stocks Rattle the Markets. Caution Ahead ? I WeekendInvesting DailyByte 31 Oct 2024

[@Rsingali]

Let´s pause the market and celebrate Deepavali! Happy Deepavali to all! Thank you Alok!

[@sunilkp81]

I am 20 years in IT sector. Slowdown now will take much longer to recover. May 2 years more.

[@Rohit0029-v1p]

Sir what is your view on Civil Engineering , Mechanical engineering, electrical engineering type branch because artificial intelligence takes all jobs of it

[@sn-op8oi]

Logic??

[@mannikam1]

It will be great if you can show how your momentum strategies would have performed in the period of 2010 till 2014 when the overall market was sideways. We are likely to be similar phase for next few years and it will be good to know we will be in safe hands by following the strategies.

[@tapk1995]

Happy diwali to all investors and Nifty promoters who lost & made money. Thanks to Sita Tax that reduced consumption the only economy of india.

[@wishful1018]

Surprisingly PSU Banks has been the best performing sector in October with least drawdowns especially when October was all about falls. Who could have predicted this just few days backs 😅

[@manojim7872]

Indian IT companies are mostly IT services where there are a few challenges 1. Rupees strengthening (recent) 2. Salary increment pushing margin down 3. Increase in client billing is not possible 4. AI automation will reduce billable headcount

[@SNsEssence]

Even during 38% rise in Nifty over 4 months just after 50 basis points cut by Fed in 2007, there were three corrections of 8-10% within those same 4 months. Overall gain was still 38%. As of now, Since Nifty is correcting, it’s more like history repeating

[@sukrantsharma3173]

Overvalued market in auto correction mode , heading towards 22000

[@adagoudamakannawar4933]

My IT stake in my portfolio is 12 to 15%.

[@austinfernandez-qk5tz]

❤As a bginer in trading it's usually hard. Please guys how can one navigate the financial market to make sure they stay profitable

[@Majuna.]

I can still remember the exact feeling on my biggest payday in the market. Imagine taking home $407k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a

[@OasisPrimd-sn6zp]

🙏**12k to 407k is significant increase. My first copytrade wasn't profitable. Please share who you copytrade **

[@Majuna.]

I only copytrade one manager

[@Majuna.]

@Managermenon

[@Majuna.]

That's his handle on telgam app

[@dineshsrkr]

Use log charts to get a sense of scale. Same spacing charts are not fair.

[@sudhinbathija4833]

I bot back a few IT shares which were sold earlier.

[@karthiks9813]

Best way to play IT sector is to choose some IT sectoral mutul fund

[@shibarghyasen8331]

HAPPY DIWALI

[@rocknindz]

If there is one area where AI especially Gen AI has had stronger success, that’s in automating coding. India IT is majorly Services Sector, which will be deeply hampered by this. While this slowdown in IT will take time to recover AI is rapidly replacing coders. The funds will flow into Semiconductors, since GPUs are required for running Large Language Models. There is more angle of outsourcing being more offshore post covid due to the fact that customers in US and Europe realised projects can be orchestrated well remotely, thereby again hampering the billable on-site head count. This has already been creating pressure within IT

[@abcdwerty]

IT will hit 50000+ index in December 2024, also ITBEES will be 52-54 in December 2024

[@sanjayray5834]

😂😂😂

[@sn-op8oi]

Logic?

[@abcdwerty]

@nifty will be around 27000+

[@kw9494]

what logic ? Same as that of … a2 plus b2 , extra 2 ab from cow excreta . LOL.

[@pradeepkumar-ew1ze]

Monthly ones will be rebalanced on 4th or tomorrow 6pm?

[@sanjaytatpati8902]

In my opinion, Growth (largely) in the IT sector will only be fueled by/for US consumption going forward as there is still a lot of scope in the AI deployment in totality (as per some reports). Having said this, not all B class companies would benefit, means while the IT Index may be subdued, the star delivering/performers may be the frontrunners like the TCS/INFY types. So may be we need to be selective...

[@a.s.psastry7710]

Happy Deepavali to you and your team and family members. IT exposure to HCL Tech, Infy, LTTS, Tech Mahindra. As for their prospects for gain, your hope is my hope. Despite poor numbers these showed in Q2, they have rallied substantially with no rhyme or reason.

[@ganesannanjappan6460]

What about interest rate cut ..seems it would not help IT sector

[@DINESHSINGH-fl8ql]

Happy Diwali Sir

[@mg.f.9023]

Happy Diwali to your team. Great research works. Hope to see in future too.

[@anoopverma9226]

I HAVE NONE NOW, EXITED 6 MONTHS AGO

[@Svarma118]

Happy Diwali.

[@ramzh9315]

When the US markets were hitting all-time highs, our market was busy falling, going against global cues. And now, a single underwhelming forecast from MS and Meta has dragged down our IT and Nifty indexes. Our Market defies all logic... Frustrating...

[@riyainteriordesigners7]

I think we gonna test 22k nifty soon. Brace yourselves for a rolla coaster ride...

[@varadigovinda111rajulu7]

Thank u sir❤❤❤❤

[@shanmansundaram3893]

Hi

[@SriniVenkata-my4uw]

I don't invest in IT stocks

[@prahaladagarwal-hk3fu]

Bahut bada news Abhi Abhi Khabar Aaya Hai India Infoline band ho raha hai, lifetime ke liye customer Savdhaan Jay Shri Ram😂

[@cocchamp1473]

Kpit toh gaya😢😢😢😢😢

[@manojkumarmaster6581]

Wish you and your entire team a very happy Deepawali and prosperous samvat 2081.🎉

[@James-Bond-007_]

You will be reported for misleading your subscribers and for always talking negative

[@coldstone87]

Please watch his videos properly before forming an opinion

[@James-Bond-007_]

@coldstone87 I have watched entire video dont give gyan to me everyday he talks negative as if his smallcase is only good

[@capricornus993]

Okay, idi0t.

[@coldstone87]

@@James-Bond-007_ unsubscribe and exit. Simple. What is the problem. Those subscribed love his content. Thats the whole point.

[@ghanshyamdhuware4227]

Happy Diwali Sir