(a) 15th general elections are in offing and it is going to be a hung parliament.
(b) Clients delaying outsourcing projects which will result in risk of pricing pressures on I.T. companies.
(c) Turbulence in currency markets being envisaged.
(d) Rupee likely to show upward trend and thus more woes in waiting for IT companies.
(e) Bank of Japan is of the view that economic conditions had deteriorated significantly and were likely to continue deteriorating for the time being.
2. Thus conditions are ripe to book profit in this rally and IT sector is one sector which has to be more careful in this recession.
