IT scrips lose sheen; cyclicals rule roost Five trading sessions into the new year and we have a market split vertically into two, across the board. It's IT vs non-IT. All IT stocks are clearly on the losing side and the winners are a combination of economy sensitive stocks led by Reliance Industries and State Bank of India. Returns on gilts race past debt funds' Armed with instant liquidity and softening interest rates, returns from gilt funds have raced past debt funds in the last three months. On an average, the spread between a G-Sec and a AAA corporate paper has narrowed down between 80 and 100 basis points. `Software sector will survive Nasdaq crash' The new IT listings coming up later this month will give investors returns in excess of 150-200% in just three months. This, in turn, means an annualised return in excess of 600%! Yes, there is money in IT. Adhikari Brothers gets nod for private placement Market Round-up Slow growth period passe for ITC scrip The art of reducing risk and enhancing returns in equities Growth prospects, merger benefits to propel Polaris Software Labs Hindustan Sanitaryware -- Raring to go in the new millennium Look for short-to-medium term gains in SoftSol 3 SBI funds among top five in New Year rally HMITL can't stem the fall despite `maths skills' The techno balloon goes boom, but there's hope left Blue-chips help arrest Asia markets' slide Click Here for Market Indicator Tables - Top Gainers/Losers of the day - New Highs/Lows achieved during the day
feedback@financialexpress.com