IT stocks to buy

Nifty IT soars 5% on strong TCS Q1 earnings, Fed rate cut hopes; nears all-time high

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Nifty IT soars 5% on strong TCS Q1 earnings, Fed rate cut hopes; nears all-time high

Indian IT stocks are performing exceptionally well today, with many trading with gains of up to 6%. This surge is attributed to TCS’s strong Q1 earnings and the anticipation of a Fed rate cut. All 10 constituents of the index are in positive territory, led by Coforge, which has gained 6.1%, followed by Mphasis and … Read more

What does Fed’s indication of single rate cut mean for Indian IT stocks?

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What does Fed's indication of single rate cut mean for Indian IT stocks?

The optimism of markets and the buoyancy of stocks hinge largely on sentiment and projections, which investors closely scrutinise to gauge future market performance. These factors are pivotal, subject to frequent adjustments based on developments that either bolster or dampen investor confidence. Global factors significantly influence various financial markets, including equities, bonds, commodities, and currencies. … Read more