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IT stocks rally up to 4% after soft US labour data and benign inflation raise Fed rate cut hopes

IT stocks jumped up to 4% as softer US labour data and easing inflation revived hopes of a Fed rate cut. The Nifty IT index rose over 2% for a fourth straight session, led by Persistent Systems, Infosys, Wipro and Tech Mahindra, as lower borrowing costs are expected to support global tech spending.

Source :- Markets-Economic Times Read More

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