How will Trump presidency affect Infosys, HCL Tech , Wipro?

With Donald Trump winning the US presidential election, shares of IT giants Infosys, HCL Tech and Wipro got an expected boost. The IT firms will comment on how Trump’s presidency might affect their businesses when they post their fiscal third quarter earnings.

Overall, a report by Bloomberg said that the investors appear to view the incoming administration favourable for the sector as the NSE Nifty IT Index has outperformed the broader market since the election. Trump has promised tax cuts that may lead to businesses boosting technology expenditure.