The Economic Times

4 lakh crore rally, 6,500 crore FII buying: Are IT stocks finally making a comeback?

Indian IT stocks experienced a notable market value recovery of approximately 3.87 lakh crore in October. Foreign investors invested around 6,463 crore in the IT sector during the third quarter. The Nifty IT index rose about 17 percent in October after a previous decline of roughly 20 percent. Analysts caution that despite selective buying, the sector faces a challenging earnings environment ahead.