Initial concerns about a US recession have been alleviated, thanks to encourag- ing economic data. The shift in expecta- tions regarding the rate cycle, coupled with an improved outlook for the US economy, is driving a pronounced rally in IT stocks. Largecap IT names, boasting comfortable valuations, are particularly benefiting from this positive sentiment, attracting substan- tial interest from institutional investors," said Sunil Nyati, managing director, Swastika Investmart.
