Indian IT Stocks Soar as US-China Tariff Deal Sparks Optimism

Indian IT stocks surged on Monday, with the Nifty IT index jumping 6.7% – its biggest single-day gain in five years. This rally was fueled by the US and China agreeing to temporarily slash tariffs, easing fears of a global slowdown. Oracle Financial Services Software,

, and led the gains, rising up to 9%. The tariff reduction, with the US lowering duties on Chinese imports to 30% (from 145%) and China reducing tariffs on US goods to 10% (from 125%) for 90 days, has boosted optimism for the sector, which heavily relies on US clients.