IT stocks rally up to 4% after soft US labour data and benign inflation raise Fed rate cut hopes
- Posted on December 22, 2025
- By Business News Today
- 3 Views
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.
