18 Sep 2025 | 3 Mins Read
Indian IT stocks surge after US Fed rate cut
Flipitmoney
The US Federal Reserve cut its interest rate by 25 bps to 4-4.25 percent, the first rate cut since December 2024. This rate cut, described as a "risk management cut," pushed US IT stocks higher, with India's Nifty IT index rising 1.5 percent to 37,006, led by LTIMindtree and Infosys shares jumping 3 and 2 percent respectively.