The US BFS sector accounts for 35 percent of LTIMindtree's revenue. After the Fed rate cut, there is anticipation that more ERP modernization projects could take off the ground, which in turn will help LTIMindtree.
Liquidity has been the key driver of Indian market and will remain so going ahead, says Nandan Chakraborty of Axis Capital. However, he cautions that India is more vulnerable to global volatility compared to other emerging markets (EMs).