Shares of IT stocks, including heavyweights Tata Consultancy Services (TCS), HCL Technologies, Infosys, and others, surged up to 7% on Monday, pushing the Nifty IT index around 4% higher despite the overall bearish sentiment on Dalal Street.
Nifty IT surged over 1,000 points to 29,038, as seen at 12.30 pm. Notably, this is the highest level seen by the sectoral index in more than a month. It has now surged around 6% in just two consecutive sessions of gains.
