Business Standard

IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days

Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50

IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days
Premium

SI Reporter Mumbai
Shares of information technology (IT) companies were buzzing on Thursday, with sector giant Tata Consultancy Services (TCS) hitting a nine-month high, and Tech Mahindra surging 4 per cent on the National Stock Exchange (NSE) in the intra-day trade.

At 10:42 am, the Nifty IT index was the top sectoral gainer, up 1.8 per cent on the NSE, as compared to 0.50 per cent rise in the Nifty 50. Tech Mahindra, Mphasis, and L&T Technology Services (LTTS) were up 4 per cent. LTI Mindtree, Persistent Systems, TCS, Wipro, Infosys, and HCL Technologies, meanwhile, rose in the range of 1 per

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 16 2023 | 11:21 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com