For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

IT Index Hits Fresh High; 4 IT Stocks Hit Fresh High

|

Amid strong positive cues, Indian indices started the trading day on a positive note.Broader markets outperformed the headline indices, while Nifty Bank also traded in the green.

 
IT Index Hits Fresh High; 4 IT Stocks Hit Fresh High

Among Nifty sectoral indices, IT pack posted the resilience performance, after good recovery seen in the metal pack. In fact, the IT index scaled to a fresh high of 34,262.6. Among the 10 Nifty IT index constituents, Mindtree, Tech Mahindra, Larsen and Toubro Infotech and Infosys hit fresh 52-week high.

It is being said that particularly large caps are rising which is fuelling a catch up rally in the space. As per analysts, the gains in the pack were long overdue. In the previous week, also on Wednesday, Nifty IT index hit a fresh high.

Besides mid-cap IT counters have seen robust gains and their revenues have come in companies has been higher than tier-I companies.

Now as experts recommend buying on large caps for potential gains in the near term, large cap IT caps also may be a good call.

GoodReturns.in

Read more about: nifty it nifty it
Story first published: Tuesday, August 24, 2021, 9:42 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X