India's IT stocks are experiencing a notable rally, with a 7% increase in November, driven by expectations of a stronger dollar and increased tech outsourcing following Donald Trump's election. This sector is outperforming others amid weak earnings and significant foreign outflows, as demand from overseas clients improves and potential corporate tax cuts in the U.S. boost technology spending. The performance reflects a shift in fortunes for exporters influenced by Trump's early policy signals, including proposed tariffs on goods manufacturers.
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