New Delhi, Sept. 10 -- Domestic tech stocks continued to trade higher for the second session on Wednesday, with stocks such as Oracle Financial Services, Persistent Systems, Coforge, and Mphasis gaining between 4% and 10%, causing the Nifty IT index to jump 2.8% to 36,255 level, leading to a two-day cumulative gain of 5.66%.

The renewed interest in tech stocks, following a recent sell-off, was triggered by growing bets that the US Federal Reserve will announce a rate cut of at least a quarter point next week, following a rapid deterioration in U.S. economic data, particularly on jobs.

Investors are betting that lower US interest rates could revive technology spending in the world's largest economy, a key market for Indian IT exporters, ...