Shares of IT companies including Infosys, Tech Mahindra, Coforge and others rebounded on Monday, after the stocks hit fresh record lows on Friday when Accenture’s guidance cut spooked investors.
The Nifty IT index gained 1.3% to 27,785 on Monday, as seen at 10:10 am. Coforge, OFSS, Tech Mahindra and Persistent Systems shares gained 2-3%, while those of Infosys, LTI Mindtree, HCL Tech, Mphasis, Wipro and Tata Consultancy Services (TCS) rose around 1% each.
