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Buyback hopes bring IT stocks to life; H1B visa, soft earnings loom large

Mar 7, 2017 - ICT Monitor Worldwide

Riding on buyback buzz around major IT firms, the Nifty IT index may have rallied most among NSE sectoral indices in February, experts believe further upside is limited as concerns over H1B visa and single digit revenue growth loom large in the forthcoming quarters.

The IT barometer on Monday ended up as the only sectoral loser after the US government imposed a temporary suspension on premium processing of H1-B visas.

Interestingly, the index has rallied over 9% to 10,779 since Janua

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