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Indian markets saw a strong rally on Friday. Cooler inflation data boosted hopes for Federal Reserve rate cuts. Intel’s positive earnings fueled momentum in AI-related stocks. Major indices like the Dow, S&P 500, and Nasdaq reached record highs. This surge marks a significant weekly gain for these indices. Investors are now looking towards upcoming meetings and tech earnings.
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Coforge Q2 Results: Coforge reported a stellar Q2, with net profit surging 86% year-on-year to Rs 376 crore. Revenue climbed 32% to Rs 3,986 crore, driven by strong order intake and new client acquisitions. The company’s robust performance and low attrition signal an exceptional fiscal year ahead, according to its CEO.
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