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2013 was a dream year for CNX IT as it left every other sector in the dust as it logged in gains of 58% for the year. The out-performance has to be seen in the context of the fact that the next best sector index was CNX Pharma with gains of 26.51% or less than 50% of what IT had...
Since last April, Nifty has appreciated by around 10% while CNX IT in the same time frame has gone up by 57% (this after taking into account the loss of 4.2% in one day – today). IT stocks have been one of the key performers in Nifty until banking stocks started to perform better in recent times (though Bank Nifty...
While most sectors in the markets are crumbling like nine pins, one sector that has its head high and the flag flying up is the Information technology. The IT sector has been a bulwark against the general market weakness with it performing even as Nifty itself is sliding down. CNX IT index which is the sector index for Information technology...
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