Nifty, Sensex escape Wall Street, Asia rout that wipes out over $2 trillion; IT stocks rally; here’s why

The bloodbath in the US markets impacted most other markets today, but India was least impacted, said V K Vijayakumar, Chief Investment Strategist at Geojit Investments. M&M rose 3.68 per cent to Rs 3,242.60 and led the Nifty gainers, which was followed by Titan Company Ltd that added 2.32 per cent to Rs 4,946.90, both gained on better-than-expected Q2 results. Bharti Airtel Ltd, HCL Technologies Ltd, Tata Consultancy Services Ltd (TCS), Infosys Ltd gained 1.5-1.85 per cent. “The big rout of 5.6 per cent in Nasdaq was triggered on concerns of big slowdown in data centre spending since the Democrats…