IT stocks surged following positive comments from Donald Trump regarding US-India trade negotiations, easing concerns about potential tariffs. Optimism surrounding a possible US Federal Reserve rate cut and Infosys’ share buyback further fueled the rally. Investors are anticipating more buybacks from other IT companies, contributing to the sector’s positive momentum.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.