India Nifty IT soar by 2.9% as major Software and IT companies share prices soar and Hang Seng index soar by 4% on Feb 6th trade

India Nifty IT soar by 2.9% as major Software and IT companies share price soar and Hang Seng index soar by 4% on Feb 6th trade.

India IT companies Infosys share price soar by 2.4%, TCS share price soar by 3.9%, Wipro share price soar by 3.55%.

FED may not do rate cut in March-2024 and it is assumption made by us based upon different statements by Powell. May be we may see first rate cut in May-2024.

10 year bond yield is trading at 4.117 and it soar from levels of 4 as street is expecting there will not be interest rate cut in March-2024.