Shares of Infosys, other IT companies jump after US Federal Reserve rate cut

Indian equity markets have started the day in green today, 18^th September, 2025. At 9:35 a.m. IST, Nifty 50 is up by 89.30 points or 0.35%. Sensex is up by 354.72 points or 0.43%. Markets seem to be responding positively to the 25 basis point interest rate cut announced by US Federal Reserve yesterday. The US central bank also indicated that it may go for two more interest rate cuts in 2025.

Top gainers & losers

Top three gainers at Nifty 50 at this time are Infosys, Wipro and Sun Pharma. Top 3 losers at this time are Hindalco, Bajaj Finance and Apollo Hospitals. IT stocks are gaining today as the interest rate cut by US Federal Reserve is expected to give a boost to the US economy. This in turn may increase expenditure on IT & software services by US companies. A large number of US companies are customers of Indian IT companies.

Infosys’ share is up by 1.98% at Rs 1552.60 at this time. Wipro’s share is up by 2.05% at Rs 259.35.

All the broader market indices at NSE are in green at this time. Among sectoral indices, Nifty IT index is the top gainer. It is up by 1.21%. Nifty Metal index is the top loser at this time. It is down by 0.30%.

Market breadth strongly positive

Market breadth is very positive at this time. At NSE 1702 stocks are gaining. 871 stocks are declining.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: NSE