TCS to HCL Tech: Why you should buy IT stocks before RBI MPC meeting outcome
1 year, 9 months ago

TCS to HCL Tech: Why you should buy IT stocks before RBI MPC meeting outcome

Live Mint  

Stocks to buy today: Ahead of the Reserve Bank of India monetary policy committee meeting or RBI MPC meeting outcome, which is expected today, stock market is speculating rate-pause announcement from the RBI governor. Stock market experts are of the opinion that RBI keeping interest rate unchanged would attract foreign investors as global market">global market has already discounted 25 bps expected US Fed rate hike in upcoming GOMC meeting. On why one should look at IT stocks to buy before RBI policy outcome becomes public, Sandeep Pandey, Former Deputy Vice President at HDFC Bank said, "Indian stock market is in sweet spot as Indian economy is showcasing positive signals amid fear of economic slowdown in developed economies like the US and Europe. Stocks to buy today On stocks to buy from IT space, Sandeep Pandey batted in favour of Tata Consultancy Services shares citing, "TCS share price may give sharp upside movement in medium to long term as the IT major is sitting on whipping cash reserves and in the wake of lowering cost of business, TCS share price cold be one of the first and foremost IT stocks that may give sharp upside movement."

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