Indian IT Stocks Gain Favor as US Growth Worries Ease

Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Indian IT stocks are emerging as a top choice for investors as concerns over US economic growth ease. Traders are preparing for a challenging start to the trading day, with Nifty futures indicating early losses amid a weak regional environment. Asian shares have declined following unclear interest rate guidance from the Federal Reserve. Additionally, rising geopolitical tensions, including potential US involvement in Iran, are fueling worries about oil prices. \n— new from Bloomberg

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