Is it time to place a wager on technology or IT funds?

Shares of major IT corporations such as Infosys, TCS, and HCL Technologies increased by about 1-3% in the first week of the month. During the same time period, the Nifty IT – TRI index provided roughly 2.84%.

[{"selector":"#anim-d80e6b5c-19aa-45fe-83e8-3d026576014f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The IT industry and technology funds are making a comeback. After riding high in previous years.

[{"selector":"#anim-0cde4a8b-e3c8-4ba7-92ef-aac5e917a1bb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

These plans have been under pressure in the last year because of fears about global growth, rising rates, and IT budget cuts, among other things.

[{"selector":"#anim-affe3aa6-05d0-4849-ab85-d19dfc7c9557 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]