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Indian IT Stocks Rally Up to 15% After LTTS Results and Jefferies Outlook

Indian IT shares rose as much as 15% on Wednesday, with L&T Technology Services leading after reporting second-quarter results. Jefferies also issued a bullish sector outlook.

LTTSCNXIT

IT Stocks Today, Oct. 21 -- Indian IT stocks witnessed strong buying on Wednesday, October 21, with L&T Technology Services leading the rally after reporting robust second-quarter results. Moreover, a bullish outlook for the sector by global brokerage house Jefferies also added to the positive sent…