Last 2-3 months saw analysts, fund managers, market watchers, corporate chiefs talking up the IT sector projecting an optimistic picture and generally being upbeat about the sector. However, the reality seems to be something far removed. Starting from Infosys Technologies, the third quarter results of the frontline IT companies have served as triggers for fresh sales in the market.
Investors should take all projections and market talk with a good deal of caution. Those who might have invested in the tech sector in the last two months based on predictions and forecasts would have seen an erosion in their investments.
Globally also, there is a good deal of pessimism with regard to the technology and since India
