India's IT Index leads benchmark shares higher as Fed rate-cut bets grow

India's IT Index rises 1.6% to its highest point since July 18, leading the Nifty 50, which is up 0.18%. The IT Index is set to snap a two-day losing streak as the odds of a U.S. rate cut in December increase to 70%. Lower U.S. interest rates make emerging markets like India more attractive to foreign investors. YTD, the IT Index is down 14% vs Nifty 50's 10% rise.