Infosys, Wipro to LTIMindtree: IT stocks extend rally to 3rd day amid US Fed rate cut cheer
IT stocks jumped up to 3% in intraday deals on Thursday, September 18, pushing the Nifty IT index higher for the third day, after a rate cut by the US Federal Reserve overnight boosted investor sentiment. During the three-day rally, the Nifty IT pack has jumped over 3%.
In trade today, LTIMindtree shares emerged as the top index gainer, rising as much as 3.61% to the day’s peak of ₹5,619. It was followed by Infosys and Wipro, rising 2% each to the day’s high of ₹1,555 and ₹259.80, respectively.
