TCS, other IT stocks tumble up to 5% ahead of Fed meeting outcome
- Posted on September 18, 2024
- By Business News Today
- 1 Views
TCS, other IT stocks tumble up to 5% ahead of Fed meeting outcome
According to domestic brokerage firm JM Financial, the confirmed rate cut could affect the IT sector in three ways: by increasing stock values through a reduced cost of equity, boosting discretionary demand due to economic recovery, and enabling higher operational expenses due to lower interest burdens on companies
