IT Sector: Largecaps or midcaps? Here’s what market experts prefer going ahead

The IT sector, after lagging behind the broader Nifty in early 2024, has recently shown signs of recovery. The Nifty IT index has risen by around 12 percent year-to-date (YTD) in 2024, slightly outpacing the benchmark Nifty, which has gained over 11 percent during the same period. On a longer horizon too, the IT index has outperformed, advancing over 28 percent in the past year compared to the Nifty’s 24 percent rise.