IT shares in demand

Infosys, TCS , Persistent Sys, HCL Tech, Oracle Finance, Tech Mahindra, Midtree, Wipro have gained between 1-3%

I T Services exporters have surged on Friday after US Federal Reserve expresses optimism about US economic recovery.

 

US Fed on Wednesday dropped a characterization of US labor market slack as "significant" in a show of confidence in the economy's prospects. It also ended its massive quantitative easing programme, as expected.

 

Infosys, TCS , Persistent Sys, HCL Tech, Oracle Finance, Tech Mahindra, Midtree and  Wipro have gained between 1-3% on the BSE.

 

Meanwhile at 10 AM, the BSE IT index is up 1.4% at 10642.43 levels.