TCS, Infosys to Tech Mahindra: Is it opportune to buy IT stocks amid US Fed rate cut buzz?

IT stocks to buy: Amid ease in the US inflation concerns after the US CPI data released on Thursday last week, the market expects a US Fed rate cut announcement in the Federal Reserve’s meeting scheduled next month. As these developments are expected to pressure the US dollar (USD) rates, the Indian IT companies who deal in the USD are expected to benefit and report better quarterly numbers in upcoming quarters. Thus, it is crucial to know whether buying IT stocks is a wise decision or not.