Indian IT stocks set for best day in four months
** Shares of Indian information technology stocks .NIFTYIT climb 3.3%, set for their best day since July, if gains hold
** The IT sub-index is top sectoral gainer on benchmark Nifty 50 .NSEI, which is up 0.9%
** All 10 constituents in green; heavyweights Infosys INFY.NS, TCS TCS.NS gain 3.4% each, Wipro WIPR.NS climbs 2.8%
** U.S. election results show Republican Donald Trump won 14 states, while Democrat Kamala Harris captured four states and Washington, D.C., Edison Research projected, but critical battleground states are unlikely to be called for hours or even days
** Trump win could lead to lower corporate taxes - a positive for IT sector as it would boost demand, Jefferies analysts say
** Indian IT firms earn significant share of their revenue from the U.S.
** Index got a boost after data showed U.S. services sector activity accelerated unexpectedly in October
** Six of 10 stocks on index rated "hold" on avg, while three stocks including TCS and INFY rated "buy", L&T Tech LTEH.NS only "sell" rated stock - LSEG data
** IT index climbs ~18% YTD vs Nifty's ~12% gain
Reporting by Kashish Tandon in Bengaluru
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