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Sensex, Nifty flat ahead of India CPI data; IT stocks shine on Fed rate cut hopes
The IT pack led the gains in the Nifty after in-line U.S. inflation data reinforced expectations of a Federal Reserve rate cut next week, a positive development for India's information technology companies, which earn a significant share of their revenue from the U.S.
The IT pack led the gains in the Nifty after in-line U.S. inflation data reinforced expectations of a Federal Reserve rate cut next week, a positive development for India's information technology companies, which earn a significant share of their revenue from the U.S.
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