TCS, Infosys, Coforge jump up to 5%: Why are IT stocks rising for second straight day?

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IT stocks extended their rally for a second straight session on Wednesday, helping lift the broader market as investors continued to rotate into the sector ahead of the US Federal Reserve’s policy decision later in the day. The BSE Sensex climbed 758.30 points, or 0.99%, to 77,524.22 in early trade, while the NSE Nifty50 gained 217.20 points, or 0.91%, to 24,202.55 as of 9:55 am. Technology shares once again led the gains. The Nifty IT index jumped 2.45%, taking its gains over the last four sessions to nearly 11%. Among the biggest gainers were Coforge, which surged 4.39%, Infosys (3.26%),…

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