IT Stocks Soar 4th Day: Infosys, Wipro, TCS Lead Rally on Rate Cut Hopes, Accenture Boost

• Indian IT stocks, including Infosys, Wipro, and TCS, rallied for the fourth consecutive day, pushing the Nifty IT index up by 1.35%.
• A sharp surge in Infosys ADRs due to aggressive short-covering contributed significantly to the rally.
• Softer US inflation data and positive commentary from Federal Reserve officials fueled expectations of future interest rate cuts.
• Strong Q1 results from Accenture, driven by AI demand, boosted sector sentiment.
• Value buying after months of underperformance and a weakening rupee also supported the rally.

Why It Matters: Indian IT stocks surged for the fourth day, driven by US rate cut hopes, Infosys ADRs, and Accenture's strong results.