New Delhi, April 2 -- The Indian Information Technology sector is expected to post muted growth in the March quarter on a sequential basis owing to the ongoing geopolitical tensions in West Asia and the anxiety triggered due to the introduction of generative AI in the industry, according to Nuvama Institutional Equities.
US tariffs are likely to put added pressure on IT companies during the reporting quarter. The modest performance of the IT sector will largely be in line with the brokerage's expectations. Earnings growth of Tier -1 companies are likely to be beaten down by the Tier-2 companies as they continue to outperform. The brokerage expects the companies under its coverage universe to be likely to report growth in the range of -1....
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