IT Stocks Surge! US Fed Rate Cut Hopes & AI Boom Fuel Major Gains - Are You Invested?

Overview

Indian IT stocks surged today, with the Nifty IT index climbing 1.65%. This rally is driven by increased expectations of a U.S. Federal Reserve rate cut in December and a bullish outlook on the AI services cycle. Tech Mahindra, Infosys, HCLTech, and TCS were among the top gainers.