IT Stocks Gain on Trade Truce, US CPI Hopes, and Value Buying

IT shares rose for a second day on August 12, led by

Tech Mahindra and HCLTech, driven by the US-China trade truce, expectations of a US rate cut post-CPI data, and value buying after sharp corrections. Nifty IT index gainers included Oracle Financial, Coforge, and Mphasis.