Cnx It Index

Most IT stocks hit their 52-week highs in August as the Indian rupee weakened rapidly and US growth improved. IT stocks have not seen significant profit taking so far. They are just 3-7 percent off their 52-week highs as against the Nifty that was down 14 percent from its 52-week high of 6229.

Nifty looks tired; currency remains a problem

CNBC-TV18's, managing editor, Udayan Mukherjee says, although the Nifty has not lost a lot of ground, only about 100 odd points from its recent peak, but it did look quite tired for the second day running.

Long Nifty strategy remains; buy Bank Nifty: Sukhani

"Our stop for the Nifty should be tightened because it has been a very decent rally and the stop should now be at 6,030. Just go with the flow," he says.

Not aggressive on mkt until Budget; short HCL Tech: Bhamre

In an interview to CNBC-TV18, Siddharth Bhamre of Angel Broking, spoke about his reading of the market and his outlook on various stocks.

Inclusion in CNX index gratifying; will do well: Infotech

Infotech Enterprises was included in the CNX IT Index. BVR Mohan Reddy, CMD of Infotech Enterprises in an interview to CNBC-TV18 said it was very gratifying that their company was included in the CNX IT Index.

Mkt faces setback, global peers add on to situation: Udayan

After yesterday’s sluggish move, the market woke up to bad global cues across the board, said CNBC-TV18's managing editor Udayan Mukherjee. Towards the fag end of the session, the Nifty managed to work its way close to 5,050 levels, but closed below that as the market had some heavy lifting to do in the form of technology stocks, he clarified.