Infy results to keep IT stocks in focus

With Infosys scheduled to kick start the quarterly earnings seasons on October 11, (followed by Tata Consultancy Services on October 15 and HCL Technologies on October 17), information technology stocks will remain in focus this week. Ahead of the results these stocks are expected to move in a narrow range. Analysts are bullish on IT companies and expect margin to improve quarter-on-quarter, largely on the back of rupee depreciation. They also expect strong volume growth for companies, supported by the improving demand scenario.