Shares of IT majors Infosys, Wipro, HCL Tech, Tech Mahindra, and others rallied up to 4% on Friday, buoyed by a better-than-expected first quarter show by Tata Consultancy Services (TCS), India’s leading information technology company.
Infosys climbed 4% to Rs 1,091, while HCL Tech and Tech Mahindra also gained around 4% each to Rs 1,192 and Rs 1,478, respectively, on the BSE. TCS advanced 3.5% to its day's high of Rs 2,118, while Wipro added over 2% to Rs 177. Among midcap IT stocks, Coforge, Persistent Systems, Oracle Financial Services and L&T Technology Services rose as much as 3%. The rally lifted the Nifty IT index 968 points, or 3.5%, to 28,439.55.
