Nifty IT index rises 1.6% today as US Fed cut bets strengthen; Tech Mahindra, Infosys stocks lead gains

Indian IT stocks advanced in Monday’s morning trade, lifting the Nifty IT index by 1.65 percent to 37,492.35, as investors priced in a higher probability of a December rate cut by the U.S. Federal Reserve. Four of the top six gainers on the Nifty wer…

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