Nifty IT rebounds 8% from April lows; all eyes on Wipro results for next trigger
The Nifty IT index has staged a notable recovery, rising 8% since April, even as the sector continues to grapple with deep cuts over the past year. Despite the recent rebound, the index remains down 23% on a one-year basis. The recovery appears to be driven by a mix of positioning and valuation comfort. According…
