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.
AMFI reshuffle: Hindustan Copper among 6 smallcap stocks that may get upgraded to midcap
Six smallcap stocks could be upgraded to the midcap segment in AMFI’s H2 CY26 semi-annual rejig, according to Nuvama Institutional Equities.