Indian IT stocks jump up to 5% as Nvidia outlook boosts AI sentiment; Fed’s Warsh speech in focus
AI Market Summary
Indian IT stocks surged after Nvidia's upbeat revenue outlook reinforced confidence in AI-driven demand, supporting a broader tech-risk bid that also lifted Nasdaq-linked sentiment. However, macro uncertainty remains elevated ahead of Fed Chair Kevin Warsh's Jackson Hole remarks, with markets still pricing non-trivial odds of further hikes and 10-year yields near recent highs. Near-term positioning is likely to stay sensitive to policy tone and rates.
Impact level
● Medium
Affected assets
NCSKNVDA2USD/USDT-3.48%
AI Insight · NCSKNVDA2USD/USDTAI Insight
● Neutral
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Indian IT stocks rallied in early trade on Friday, with the Nifty IT index up 3.27% and names such as LTIMindtree and Coforge rising about 4% to 5%. The move tracked broader gains in global tech shares after Nvidia’s upbeat revenue outlook revived optimism around AI investment. Investors are also watching Federal Reserve Chair Kevin Warsh’s scheduled remarks at Jackson Hole for signals on inflation and the interest-rate path. Interest-rate futures currently imply roughly a 35% chance of a Fed hike at the September meeting.
