Indian IT shares log best day in 3 years on easing rate worries, strong deal pipeline
Shares of Indian information technology companies surged 4.5% on Friday, in their biggest one-day jump since September 2020, boosted by strong deal pipelines and rising expectations of an imminent pause in US rate hikes.
"Poor results were priced in to a certain extent after multiple downgrades in the last few weeks," said Amit Kumar Gupta, founder of advisory and brokerage firm Fintrekk Capital. Pic: IANS