IT shares gain ahead of Q1 earnings; TCS hits all-time high, Infosys up 4%

NIIT Technologies, Mindtree, Wipro, HCL Technologies, and Tech Mahindra from Nifty IT index gained up to 7 per cent on the NSE

Shares of information technology (IT) companies were in focus on Tuesday with the Nifty IT index gaining more than 1 per cent ahead of the announcement of their June quarter (Q1FY20) results. Tata Consultancy Services will kickoff the earnings season by announcing its numbers on Thursday, July 9.

Shares of TCS hit an all-time high of Rs 2,303, up 1.8 per cent on the National Stock Exchange (NSE) in Tuesday's trade. The stock surpassed its previous high of Rs 2,296, touched on September 3, 2019.

Infosys, the top gainer among Nifty IT index, was up nearly 4 per