Infosys, TCS, other IT stocks in focus after first Fed rate hike in 3 years. Will inflationary pressures offset anti-AI euphoria?

Indian IT stocks such as Infosys and TCS are likely to remain in focus after the US Federal Reserve raised interest rates by 25 basis points, citing elevated inflation. Analysts expect higher-for-longer rates to pressure risk assets, while AI-related developments could influence sentiment towards Indian IT stocks.