IT shares gain, TCS hits record high
IT index, the largest gainer among the sectoral indices, is up nearly 2% against less than 1% rise in benchmark Sensex
Shares of information technology (IT) companies are in limelight on the bourses after minutes from the US Federal Reserve showed that the central bank's policy committee discussed a third round of quantitative easing at its last meeting.
The Bombay Stock Exchange (BSE) IT index, the largest gainer among the sectoral indices, is up nearly 2% against less than 1% rise in benchmark Sensex at 1122 hours.
Among the individual stocks, TCS, trading at its lifetime high is up 2% at Rs 1,319. Infosys and Wipro are up by 2-3%, while HCL Technologies, Hexaware Technologies and Tech Mahindra from IT index are up in the range of 1-2% on the BSE.