Indian IT stocks poised for gains as US tech rallies.

Indian IT stocks poised for gains as US tech rallies. Infosys, TCS, and Wipro are tracking strength in global technology shares after the Nasdaq Composite surged 1.29% overnight, driven by chipmakers Nvidia and AMD alongside strong US economic data. US services activity expanded at its fastest pace since mid-2022, with inflation easing to one-year lows despite ongoing Middle East tensions. The Nifty IT index has proven resilient, falling just 1% since conflict began, compared to the broader Nifty's 3% decline. A weakening Indian rupee, now at an all-time low of 92.18 against the dollar, benefits IT companies significantly as most earn revenue in foreign currencies while maintaining costs in rupees. This recovery follows a brutal February selloff where the Nifty IT index plunged 20%, its steepest monthly decline since 2008, triggered by AI automation concerns.