Nifty IT index jumps 4%; Infosys gains 3% ahead of June quarter results

In its result announcement on Tuesday, Wipro said some of its verticals have started witnessing green shoots.

Shares of information technology (IT) companies rallied up to 10 per cent on the NSE on Wednesday, a day after Wipro posted better-than-expected numbers for the first quarter (April-June) of the financial year 2020-21 (Q1FY21). 

At 10:00 am, the Nifty IT index was ruling over 4 per cent higher at 16,283.05 points with all the 10 constituents trading in the green. Wipro was the top gainer on the index - up 15 per cent at Rs 258.75. Other constituents of the index such as NIIT Tech, Tech Mahindra, Infosys, and HCL Tech gained up to 4.5 per cent. In comparison,