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Did The Tech Winter Spook India’s IT Bull?

Did The Tech Winter Spook India’s IT Bull?

The US Federal Reserve is trying to engineer a slowdown, says Samir Arora of Helios Capital. In conversation with India Today Group’s Global Business Editor Udayan Mukherjee, he added that he doesn’t expect India’s key IT players to outperform. On being asked why he sold the majority of the IT stocks from his portfolio, he explained that amid significant signs of a slowdown, most tech players are signalling toward business softening. Adds that even as IT big names such as Microsoft hint at significant pressures, Indian players ‘refuse to talk about the future’.