Nifty IT index hits 52-week high; TCS nears record high
HCL Technologies, Infosys, Wipro and Tech Mahindra were up in the range of 1% to 3%, in otherwise subdued market
 "Nifty IT index hits 52-week high; TCS nears record high")
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Shares of information technology (IT) companies were in focus with the Nifty IT index hitting 52-week high, while the sector giant Tata Consultancy Services (TCS) trading close to its record high on the National Stock Exchange (NSE).
At 10:13 am, Nifty IT index, the largest gainer among sectoral indices, was up 2% at 11,143, as compared to 0.16% decline in the benchmark Nifty 50 index. IT index hit an intra-day high of 11,159, its highest level since August 12, 2016.
TCS, too, hit 52-week high of Rs 2,768, up 4% on the NSE in intra-day trade. The stock is 2.4% away from its all-time high of Rs 2,834 touched on October 7, 2014 in intra-day trade.
HCL Technologies, Infosys, Wipro and Tech Mahindra were up in the range of 1% to 3%, in otherwise subdued market.
TCS, in past one-month, has outperformed the market by gaining 13% after the company posted above expectation results on the EBIT (earnings before interest and tax) and net profit fronts. On comparison, the Nifty 50 index was up 6% during the same period.
At 10:13 am, Nifty IT index, the largest gainer among sectoral indices, was up 2% at 11,143, as compared to 0.16% decline in the benchmark Nifty 50 index. IT index hit an intra-day high of 11,159, its highest level since August 12, 2016.
TCS, too, hit 52-week high of Rs 2,768, up 4% on the NSE in intra-day trade. The stock is 2.4% away from its all-time high of Rs 2,834 touched on October 7, 2014 in intra-day trade.
HCL Technologies, Infosys, Wipro and Tech Mahindra were up in the range of 1% to 3%, in otherwise subdued market.
TCS, in past one-month, has outperformed the market by gaining 13% after the company posted above expectation results on the EBIT (earnings before interest and tax) and net profit fronts. On comparison, the Nifty 50 index was up 6% during the same period.