Infosys, Wipro, Mphasis among top gainers as IT stocks rise up to 3%

Domestic technology stocks gained sharply in Wednesday's trading session, even as the broader market continued to trade within a narrow range. Infosys share price jumped nearly 3% to hit the day's high of ₹1,649 apiece, while Wipro gained 2%. MphasiS and TCS each rose more than 1.5%. The positive sentiment in Indian IT stocks followed dovish comments from the US Federal Reserve. Fed Chair Jerome Powell, speaking at a central banking conference in Portugal, reiterated that the central bank plans to wait for more economic data before initiating rate cuts but did not rule out a possible cut in July.