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India's benchmarks set for fourth day of gains; IT stocks lead

ReutersMar 20, 2025 7:43 AM
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India's benchmark Nifty 50 .NSEI and Sensex .BSESN up 0.8% each, on course for fourth straight session of gains

U.S. Federal Reserve keeps interest rates unchanged, signals two quarter-percentage-point rate cuts this year despite tariff threats

Markets cheering the unchanged dot plots as Fed now anticipates transitory impact of tariffs on inflation, says JM Financial

All 13 major sectors log gains; information technology companies .NIFTYIT, which get substantial chunk of revenue from the U.S., up 1.6% on Fed's rate cut projection

HCL Technologies HCLT.NS, Tata Consultancy Services TCS.NS, and Infosys INFY.NS up about 2% each

Bharti Airtel BRTI.NS up 3%, biggest contributor to Nifty 50's gains

Cable and wire makers slide on Adani Group's foray; KEI Industries KEIN.NS and Polycab India POLC.NS slump 13% and 9%, respectively

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