BSE IT index at an all-time high, up 10% in Dec on hopes of strong Q3 show

IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far

IT stocks were outperforming in trades on Thursday on hopes of strong earings show for the December quarter. The BSE IT index hit a new all-time high at 37,870, and was up a per cent at 37,814, as against a 0.2 per cent rise on the BSE Sensex.

So far in trade on Thursday, CyberTech was the major gainer. The stock had zoomed over 18 per cent to Rs 236. HCL Infosys,Ramco Systems, Tanla Solutions and Suvidhaa Infoserve were the other major gainers, up 4-5 per cent each. Among frontliners, Tech Mahindra, Wipro and HCL Technologies had gained around 1.5