Infosys, Wipro lead tech surge as IT index snaps losing streak
Indian IT stocks rallied on Tuesday, with Nifty IT up 2% after five losing sessions. Infosys soared 4% on buyback buzz, while Wipro, Tech Mahindra, Coforge and Mphasis added over 2%. Optimism over a potential US Fed rate cut boosted sentiment, with analysts betting on a 50-bps reduction that could spur FII inflows into Indian tech.