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IT stocks: IT stocks jump up to 11% on Fed's commentary; Sonata, Mphasis among top gainers - Vimarsana News

IT stocks: IT stocks jump up to 11% on Fed's commentary; Sonata, Mphasis among top gainers

All 10 stocks in the Nifty IT index were in the green. The midcap counter Coforge was also up over 5% and hit its 52-week high of Rs 6,139.95 on the NSE. Notably, the top five gainers in the Nifty index were also from the IT space with Tech Mahindra taking the lead with near 4% gains. Others including HCL Technologies, LTIMindtree, Wipro and Infosys gained up to 3.5%.

US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders? - Vimarsana News

US Dollar Continues Diverging from the Fundamentals, Will PCE Data Realign Traders?

The US Dollar still found no love as traders continued piling into Wall Street despite not-so-dovish commentary from Federal Reserve officials. Will PCE data revive the DXY Index?