Nifty IT’s 18% rally may mark a durable leadership cycle; 35,000 next: LKP's Vatsal Bhuva

What happened: Nifty IT rallied 18% in October, which LKP's Vatsal Bhuva says could signal a sustained leadership cycle for the sector. Key numbers: 18% October rally; index target of 35,000. Why it matters: Bhuva cites improving momentum, a bullish RSI crossover and capital rotation from global AI stocks, and recommends buying Persistent Systems and Eternal on positive technical setups.

Nifty IT rallied 18% in October, which LKP's Vatsal Bhuva says could signal a sustained leadership cycle for the sector.

Bhuva cites improving momentum, a bullish RSI crossover and capital rotation from global AI stocks, and recommends buying Persistent Systems and Eternal on positive technical setups.