Everybody is talking about this article today
— BuildFlyover@ISBT (@manukaushik) October 14, 2016
But is this really news? The market gave its verdict in 2015 itself. Here are two tweets that sums up the market verdict then. Both tweets based on charts and market behaviour -
Despite 1 USD=67 INR and decent US economy, there is zero interest in Large cap IT names be it Infosys, HCLTech, Wipro, TCS or Tech Mahindra
— Deepak Singh (@smarket) December 18, 2015
The churn has started...In Silicon Valley - people are not talking about Infosys, Wipro, TCS but talking about Flipkart, Snapdeal, InMobi
— Deepak Singh (@smarket) September 28, 2015
The market was screaming back then - Indian IT sector is in trouble and it's time to move out. And talking about demise today is like stating the obvious which market in its wisdom knew a year back. The Market is a great place to know what's happening as of now provided you are willing to listen.
What's the story: Keep Listening.
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers