On one hand there are concerns being expresses on the weakening dollar against rupee. On the other hand there is a correction being seen in the BSE IT Index. IT heavyweights are experiencing the hit.
But the market has very easilty forgotten the non-IT players who are driven by exports. Textile and leather articles manufactureres form a big chunk when it comes to exporting to US. Investors are advised to take a serious note of this.
Players that are expected to feel the hit include Alok Industries, Abhishek Industries, Crew BOS and Mirza Tanners.
Sometimes it makes sense to sit aside and watch the things forming up than just trying to jump right into the action.
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