IT shares gain on Accenture's strong performance; Infosys, TCS hit new high

Nifty IT index hit a record high of 23,408, up 2% on the NSE

Shares of information technology (IT) companies rallied at the bourses on Friday with sector giants Tata Consultancy Services (TCS) and Infosys hitting their respective record highs, after Accenture reported better-than-expected results for the quarter ending November 30. For all of fiscal 2021, Accenture now sees revenue growth of between 4 per cent and 6 per cent, up from a previous forecast range of up 2 per cent to 5 per cent all in local currency.

The Nifty IT index hit a record high of 23,408, up 2 per cent on the NSE in early morning trade. In comparison, the