JP Morgan gives unexpected upgrade to IT sector, lifts Infosys, L&T Tech to ‘overweight’
Prominent brokerage firm JPMorgan has revised its outlook on the information technology sector, shifting from a previously pessimistic stance to a more balanced ‘neutral’ position. This adjustment is motivated by anticipations of a shift in the stance of the US Federal Reserve towards rate cuts, coupled with a favorable base. In line with these expectations, …