IT shares in demand; Infosys, LTTS, Sonata Software hit record highs

Thus far in the month of March, the BSE IT index has rallied 10 per cent, against 3 per cent gain in the Sensex

Shares of information technology (IT) companies, on Tuesday, were in focus at the bourses, with six stocks, Infosys, Mindtree, L&T Technology Services (LTTS), Sonata Software, Coforge and Intellect Design Arena from the S&P BSE IT index hitting their respective record highs in intra-day trade on expectation of strong earnings.

At 10:04 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.35 per cent rise in the S&P BSE Sensex. The IT index hit an intra-day high of 26,784 points, and is 1 per cent away from its record