Infosys-led IT stocks gained despite the index drop, boosted by buyback hopes and US Fed rate cut expectations.

• Infosys surged on buyback plans, while peers like Wipro, Tech Mahindra, HCL, and TCS posted steady gains supporting market recovery.
• Analysts caution that foreign investor flows remain weak, limiting chances of a sustained rally despite local policy measures offering temporary market relief.
• Markets anticipate the US Fed's 50 bps rate cut, boosting IT sector optimism as the US drives the majority of Indian tech revenue.