IT shares gain up to 6%; Nifty IT, Infosys scale fresh record highs

Infosys, HCL Technologies, Tech Mahindra, Larsen & Toubro Infotech, Coforge and Mindtree were up in the range of 3 per cent to 6 per cent on the NSE

Shares of information technology (IT) companies were in focus on Tuesday with Nifty IT index and Infosys hitting their respective record highs on the National Stock Exchange (NSE) on the expectation of strong earnings growth in the October-December quarter (Q3FY21).

At 02:37 pm, Nifty IT index was up 2.7 per cent as against a 0.82 per cent rise in the Nifty50 index. The IT index hit an intra-day high of 23,512, surpassing its previous high of 23,507, touched on Monday.

Infosys, HCL Technologies, Tech Mahindra, Larsen & Toubro Infotech, Coforge and Mindtree were up in the range of 3 per