Indian IT stocks surged Monday after Fed Chair Powell hinted at a September rate cut, boosting hopes of foreign inflows. Infosys, Wipro, and TCS rose over 3% each, while Nifty IT gained nearly 3%. Analyst Varunkumar Patel said lower US rates typically lift tech spending and FPIs into Indian IT. Wipro showed the strongest bullish setup, while TCS and HCL face key resistance levels.