Nifty IT surged nearly 2%, led by HCL Tech, TCS, and Tech Mahindra despite the minutes of the Federal Reserve s latest policy meeting indicating most policymakers were concerned about the risk of cutting rates too soon. The market capitalisation of all listed companies on BSE increased by Rs 3.26 lakh crore to Rs 392.13 lakh crore.
The US Dollar has already set a fresh 20-year high today but the FOMC rate decision on Wednesday will keep this in the spotlight after the ECB took a familiar dovish tone last week.