India's IT stocks rise after Federal Reserve maintains rate-cut forecast

A gauge of India's information technology companies .NIFTYIT, which earn a significant share of their revenue from the U.S., gains 2%, leading benchmark indexes higher

Infosys INFY.NS, Tata Consultancy Services TCS.NS, Wipro WIPR.NS and HCLTech HCLT.NS rise about 2% each, and are among the top five percentage gainers on the Nifty 50 .NSEI, which is up 0.6%

Uptick after the Federal Reserve maintains its rate-cut projections for the rest of 2025, while keeping rates unchanged on Wednesday

Fed's rate-cut projection eases some of the investors' worries over prolonged high interest rates in the U.S. due to the inflationary impact of President Donald Trump's tariff policies, say analysts

Despite today's gains, NIFTYIT is down 15% in 2025 so far, underperforming NSEI's 2.5% fall, on worries over U.S. growth outlook, weakness in client spending and unattractive valuations