The IT index’s decline is expected to slow down after a 6% drop from its peak in September, according to Anand James, Chief Market Strategist at Geojit Financial Services. He also anticipates some constituents of the index to make a strong recovery. The Nifty index may have room for another decline towards the 19350-180 region. Meanwhile, the Nifty PSU Bank sectoral index may experience a mean reversion up move after a recent rally.
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