IT shares buck trend amid market crash; Mphasis, Coforge, Infosys rise up to 5%
IT shares extended gains in Friday's trading session, bucking the broader market trend and domestic equity market crash. This rise comes after US inflation data showed a slower-than-expected increase in August, reducing expectations of a rate hike this month.
IT shares bucked the broader market trend and extended gains in Friday's trading session, even as domestic equity markets crashed, after US inflation data showed a slower-than-expected rise in August, which reduced expectations of a rate hike later this month. The Nifty IT index rose up to 2 per ce…