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IT Stocks Likely To Remain Under Pressure Amid Global Headwinds: Analysts


Information technology stocks are likely to remain under pressure in the near-term amid headwinds emanating from the worsening economic situation in key global markets and financial market volatility, according to analysts.While the country’s largest software exporter Tata Communication Services reported a 5.2% rise in June quarter net profit on Friday, kicking off the latest earnings cycle, IT shares have been sliding, with the BSE …





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