Infosys, TCS, Wipro and other IT stocks in focus after sharp rally in US tech shares despite US-Iran war

The tech-heavy Nasdaq Composite rose 1.29%, remaining in positive territory since the US–Israeli strike on Iran that sparked the current tensions in the Middle East. Gains were driven largely by chipmakers Nvidia and AMD, while Amazon rallied 4% despite issues related to its Middle East data centre operations.Supporting sentiment, US services activity expanded at its fastest pace since mid-2022, with 14 industries reporting growth and new orders rising to a more than one-year high. Inflation at services pr ...