IT stocks gain after Accenture cites outsourcing strength

Image
Reuters
Last Updated : Dec 20 2013 | 10:35 AM IST

Reuters Market Eye - Indian software service stocks gain after Accenture Plc said it expected its consulting business to turn the corner as orders rise, building on strength in its outsourcing unit while reporting better-than-expected quarterly results.

Tata Consultancy Services ltd gains 1.3 percent, Infosys Ltd up 0.6 percent, HCL Technologies Ltd rises 0.7 percent, Wipro Ltd adds 1.2 percent, while Tech Mahindra ltd surges 2 percent.

(Reporting by Abhishek Vishnoi)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 20 2013 | 10:24 AM IST

Next Story