I can still remember the exact feeling on my biggest payday in the market. Imagine taking home $407k just from 12k initial deposit. For the newbies I'll encourage anyone to embrace copytrade as the best approach especially when you're a
Indian IT companies are mostly IT services where there are a few challenges 1. Rupees strengthening (recent) 2. Salary increment pushing margin down 3. Increase in client billing is not possible 4. AI automation will reduce billable headcount
It will be great if you can show how your momentum strategies would have performed in the period of 2010 till 2014 when the overall market was sideways. We are likely to be similar phase for next few years and it will be good to know we will be in safe hands by following the strategies.
Sir what is your view on Civil Engineering , Mechanical engineering, electrical engineering type branch because artificial intelligence takes all jobs of it
If there is one area where AI especially Gen AI has had stronger success, that’s in automating coding. India IT is majorly Services Sector, which will be deeply hampered by this. While this slowdown in IT will take time to recover AI is rapidly replacing coders. The funds will flow into Semiconductors, since GPUs are required for running Large Language Models. There is more angle of outsourcing being more offshore post covid due to the fact that customers in US and Europe realised projects can be orchestrated well remotely, thereby again hampering the billable on-site head count. This has already been creating pressure within IT
Surprisingly PSU Banks has been the best performing sector in October with least drawdowns especially when October was all about falls. Who could have predicted this just few days backs 😅
Even during 38% rise in Nifty over 4 months just after 50 basis points cut by Fed in 2007, there were three corrections of 8-10% within those same 4 months. Overall gain was still 38%. As of now, Since Nifty is correcting, it’s more like history repeating
Happy Deepavali to you and your team and family members. IT exposure to HCL Tech, Infy, LTTS, Tech Mahindra. As for their prospects for gain, your hope is my hope. Despite poor numbers these showed in Q2, they have rallied substantially with no rhyme or reason.
In my opinion, Growth (largely) in the IT sector will only be fueled by/for US consumption going forward as there is still a lot of scope in the AI deployment in totality (as per some reports). Having said this, not all B class companies would benefit, means while the IT Index may be subdued, the star delivering/performers may be the frontrunners like the TCS/INFY types. So may be we need to be selective...
When the US markets were hitting all-time highs, our market was busy falling, going against global cues. And now, a single underwhelming forecast from MS and Meta has dragged down our IT and Nifty indexes. Our Market defies all logic... Frustrating...
