The Indian IT Share Infosys is the Top Gainer on the Nifty 50, with its share price increasing by 3.22 %. to Rs 1535 top gainer on Nifty 50 compared to other IT shares, TCS, Wipro, HCL Tech, and Tech Mahindra.
As the analysts said rally reflects the expectation that the US will lower interest rates will making emerging markets, including India, more attractive to foreign investors, supporting IT sector inflow into the sector.
Dr VK Vijaykumar said about Infosys
Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, has commented on Infosys in the broader context of the Indian IT sector and prevailing market conditions. His recent statements indicate a view of the market exhibiting “dualistic behaviour,” with IT stocks like Infosys facing global headwinds while domestic consumption themes show strength.
A key factor influencing his outlook on the IT sector, and consequently Infosys, is the global macroeconomic environment, particularly developments in the United States. He has noted that the recent rally in IT stocks was largely driven by expectations of a rate cut by the U.S. Federal Reserve.
Chief investment strategist at Geojit Investments, Dr VK Vijaykumar, said FED chair Jerome Powell’s Jackson Hole remarks clearly single a likely Sep-2025 rate cut.
The Fed Chief Jerome Powell’s remark at Jackson Hole that there is a downside risk to unemployment and shifting risk balance may warrant a policy adjustment, clearly indicating a rate cut in September. The US stock market gives a thumbs-up to this comment. Positive factor is may not get reflected in the Indian market since tariff concerns are likely, “he said.