By Admin 
lt stocks ralyly: The domestic stock market on Wednesday was a decline trend amid mixed business in the global stock market. The 30 -digit Sensex fell down to about 200 points on BSE. While NSE’s Nifty 50 was also trading on the red mark. In such a situation, the question is arising that what is the reason for this boom in the IT sector from Infosys to Wipro.
Expected to cut from US Fed
In fact, recently brokerage firm Goldman Sachs has said in its forecast that the interest rates from the US Federal Reserve may be cut in the month of September, while it had earlier told December in its forecast. The reason behind this is that the expectation of inflation was expected of inflation due to the tariff imposed by President Trump. In such a situation, it is possible for the US Fed ahead of time.
During a recent conference in Portugal, US Fed Chief Jerome Powell had said that economic data will definitely be awaited before any cut in interest rates. In such a situation, he had also said that this cut in interest rates is also possible in early July.
Signs of soon cut
After this indication of Jerom Powell, there is definitely a hope in the mind of investors. Apart from this, the Indian Aati firm has got strength, which definitely takes advantage of the strong economy of the US somewhere. Many firms even hope that this time the interest rates from the US Fed can be cut from 75 basis points to 100 basis points.
Investors are also hopeful that the profits of Indian IT companies will increase because most of their dependence rests on the service of American customers. In such a situation, the cash flow increased by the decision in the interest rates of US Fed means that there may be more trade deals and in such a situation, the profits of IT companies can increase.
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