Four IT stocks rose 0.29% to 1.91% at 10:26 IST on BSE after a strong US job report for April 2013.
Tata Consultancy Services (TCS) (up 1.91%), Wipro (up 1.27%), Infosys (up 1.26%) and HCL Technologies (up 0.29), edged higher. The United States is the biggest outsourcing market for the Indian IT firms.
The S&P BSE IT index was up 1.3% at 5,958.05. It outperformed the S&P BSE Sensex, which was up 0.24% at 19,628.90.
The S&P BSE IT index had underperformed the market over the past one month till 3 May 2013, falling 14.92% compared with the Sensex's 4.12% rise. The index had also underperformed the market in past one quarter, sliding 7.63% as against Sensex's 1.04% fall.
US nonfarm payrolls rose by 165,000 last month and the jobless rate fell to a four-year low of 7.5%, the US Labour Department said on Friday, 3 May 2013.
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