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The Economic Times
The Economic Times
Debaroti Adhikary

Infosys, Tech Mahindra, TCS and other IT stocks jump up to 5%. What’s driving the rally?

Infosys Tech Mahindra TCS Nifty Nifty IT Kevin Warsh HCL Technologies Nuvama Tata Consultancy Services United States

Shares of Indian IT companies, including heavyweights Infosys, Tech Mahindra, TCS and Persistent Systems jumped up to 5% on Monday as multiple tailwinds boosted investor sentiment, pushing the Nifty IT index up around 3% to emerge as the top sectoral gainer.

The index rose to 29,905 in the morning trading hours of Monday, extending sharp gains for the second consecutive session. The index has now jumped nearly 4% over two days.

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