IT stocks rally: Nifty IT jumps over 2% as US Fed rate hike bets ease; TCS, Tech Mahindra, HCL Tech lead
Indian IT stocks rallied sharply on Wednesday as expectations of another near-term US Federal Reserve rate hike moderated, with the Nifty IT index climbing more than 2 percent. Information Technology stocks dominated the top Nifty 50 and BSE Midcap gainers.At around 10:45 am, the Nifty IT was up 2…