Shares of IT companies, including Infosys, Tata Consultancy Services (TCS), HCL Technologies and other tech majors, rallied on Thursday, lifting the Nifty IT index nearly 4% after a four-session slump that had dragged the sectoral gauge to a fresh 52-week low.
Coforge shares surged around 5%, while Infosys, Mphasis, HCL Tech and Persistent Systems gained about 4% each. LTI Mindtree and TCS advanced nearly 3% apiece, while Tech Mahindra and Oracle Financial Services rose around 2%. Wipro added nearly 1% in early trade.
