IT stocks climb on Fed rate cut hopes, weak rupee; Infosys, TCS lead as Nifty IT outperforms
The upmove in IT shares today tracked a spike in expectations of a US rate cut, fuelled by weak economic data and recent dovish commentary from Federal Reserve officials. Continued weakness in the Indian rupee added to the positive backdrop.
The upmove in IT shares today tracked a spike in expectations of a US rate cut, fuelled by weak economic data and recent dovish commentary from Federal Reserve officials. Continued weakness in the Indian rupee added to the positive backdrop.
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