Consolidation in IT stocks likely; HFCs more likely to gain from home loan subsidy move: Kunj Bansal

The IT sector is unlikely to see any surprises in terms of positive or negative movement. The recent market correction was expected after a sharp rally in September. Bansal believes that the IT sector will follow the market's consolidation trend. As for the upcoming earnings season, Bansal does not anticipate any surprises for the IT sector. In terms of other sectors, he mentions that the festival season and monsoon will impact automobile demand, and highlights the potential benefits for housing finance companies from a government housing loan interest subsidy scheme.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.