US Fed’s rate cut signal lifts Nifty IT to record highs

August 29, 2024

Nifty’s IT index jumped 1.6% to record levels on Wednesday, while the benchmark indices ended 0.1% higher in a rollercoaster trading session. LTI Mindtree jumped 6.31%, followed by Wipro which gained 3.71%. L&T Technology Services, Coforge, Infosys, Persistent and Mphasis were up 1.3-3.6%.

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Infosys shares surge 3% despite 12% YoY decline in Q4 profit. Should you buy, sell or hold?

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