• SENSEX
    NIFTY 50
VIDEOS
Energy

IT sector holds a lot of promise; RIL poised towards Rs 2300, says IIFL’s Anu Jain

Updated : March 08, 2021 11:17 AM IST

The IT sector holds a lot of promise. However, TCS and Infosys are not in a positive signal zone but they have consolidated and the bias is positive, so will continue to perform, said Anu Jain, senior partner, head-equity brokerage at IIFL Wealth Management, on Monday.

“I still see a lot of promise coming into IT which is looking like it’s consolidated since last quarter to this quarter. It seems like this whole quarter post the results were a consolidation period and both TCS and Infosys are not in a positive signal zone but they have consolidated and the bias is positive, so that will continue to perform,” Jain told CNBC-TV18.

“Reliance, we have seen the performance over the last two weeks; in fact, it has been one of the major supporters to the Nifty, not breaking down and it is looking poised towards Rs 2,250-2,300 which is 4-5 percent bias,” said Jain.

Watch the video for more

Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement