It is boom time again for information technology (IT) stocks. The market capitalisation of IT stocks bounced back to the Rs 1,00,000-crore mark on November 29 after a gap of about six months. The market capitalisation last totalled over Rs 1,00,000 crore on May 15.
The November rally is largely driven by the sharp increase in the valuation of IT stocks, with their aggregate market capitalisation soaring by Rs 17,675 crore between October 31 and November 29. From Rs 84,966 crore on October 31, the information technology sector
