US Fed rate cut: Experts give ’stocks to buy’ tag to these two IT shares. Should you buy?

Stocks to buy: Ahead of the US Fed meeting scheduled next week, market experts are expecting an aggressive interest rate cut announcement, which may spurt strong buying in rate-sensitive stocks like IT, banking, real estate, auto, etc. As most IT stocks are available at a discounted price, experts are betting high on the IT stocks, but in the mid-cap segment. They said the market has already discounted a 25 bps US Fed rate cut, and the expectations are high that a 50 bps interest rate cut will be announced on Wednesday. Unveiling the investment strategy before the US Fed meeting, they advised two IT stocks to buy on Monday: Oracle Financial Services Software (OFSS) and LTIMindtree.