Infosys, LTIMindtree shares rally up to 3% on hopes of 2 more rate cuts by US Fed in 2025

Infosys, LTIMindtree, and other Indian IT stocks rose up to 3%, driven by expectations of two additional US Fed rate cuts in 2025. On Wednesday, the Federal Reserve cut its benchmark policy rate by 25 basis points to 4%-4.25%, starting a monetary easing cycle to support a slowing labour market amid elevated inflation.