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Nifty IT Index Gains Over 1% Amid Positive Global Cues


The Nifty IT index was on the rise as corporate earnings from major technology companies boosted investor confidence in the sector. The market company's current trigger is the steadily declining number of new Covid cases and the steadily rising recovery rates across the country.


NIFTY IT provides an appropriate benchmark for investors and market intermediaries to measure the performance of India's IT sector.

Nifty IT was trading at 26,034 up by 330.90 points or 1.29%. The index has touched an intraday high of 26,026 during early trading hours on Tuesday.

Nifty IT Index Gains Over 1% Amid Positive Global Cues

Tech Mahindra was the best performer, rising 2.31 percent to Rs975.40 per piece, lifting the index. Wipro, a technology behemoth, came in second with a gain of nearly 2%, while Coforge and HCL Tech gained 1.4 percent and 1.3 percent, respectively.

TCS increased by 0.86 percent, while Larsen & Toubro Infotech increased by 0.88 percent. Mindtree was up 0.75 percent at Rs2,093 per share, and Infosys, which was up 0.82 percent at Rs1,336.25 per share.

In India's economy, the information technology (IT) industry has played a significant role. In order to establish a reliable benchmark for the Indian IT industry.

Read more about: nifty sensex
Story first published: Tuesday, May 18, 2021, 13:31 [IST]
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