Shares of Indian IT companies continued their upward momentum on September 17, extending gains for a second consecutive session. Optimism stems from expectations that the US Federal Reserve will announce a rate cut after its ongoing FOMC meeting.
As per news reports such a move could boost discretionary spending in the US, a critical market for India’s IT sector.
The US Federal Reserve, led by Jerome Powell, is expected to announce the outcome of its September 16–17 FOMC meeting later today. Markets remain divided on the size of the rate cut, with forecasts ranging from 25 basis points to 50 basis points, though some also see a possibility of no change.
For Indian IT firms, a cut would mean higher US corporate spending, particularly in tech services, driving demand for outsourcing and digital transformation projects.
The Nifty IT index climbed over 0.8% in morning trade, ranking among the top performing sectors. Gains were led by mid and large cap IT firms.
| Company | % Gain |
| Persistent Systems | +2.0% |
| Mphasis | +1.2% |
| LTI Mindtree | +1.1% |
| Coforge | +0.8% |
| Tata Consultancy Services | +0.8% |
Note: The above stock gains are as of 1:00 PM on September 17, 2025.
Read More: India’s $283 Billion IT Sector Faces Uncertainty as U.S. Weighs Outsourcing Tax.
The IT sector’s gains reflect investor optimism around a Fed rate cut, which could strengthen US tech spending and, in turn, benefit Indian IT exporters. However, the market will take clearer direction after Jerome Powell’s announcement later today.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 17, 2025, 1:51 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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