positive
Recently
Indian IT Stocks Rally on Trade-Deal Buzz and Fed Rate Cut Hopes
Indian IT names rally on optimism around U.S.-India trade deal and expectations of a Fed rate cut.
Indian technology heavyweight names like TCS, Tech Mahindra and Infosys rallied as markets reacted to two supportive themes: positive U.S.-India trade negotiations and growing bets on the Federal Reserve cutting rates. The twin triggers have revived risk-on sentiment among global and domestic investors.
Market strategists believe that even a partial trade agreement could unlock new business opportunities for Indian IT firms. If the Fed eases, it could further boost earnings growth given their U.S.-centric revenues and help re-rate their valuations.