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Why this sector fell 5% today despite a strong rally in market

Updated : September 23, 2019 12:36 PM IST

IT stocks were trading under pressure with the Nifty IT index down nearly 5 percent.
Brokerages said that there will be no material impact on IT companies of the corporate rate cuts.
CLSA reduced IT sector to 'underweight'.
Why this sector fell 5% today despite a strong rally in market

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