Nifty IT index gains 5% in three days; TCS, Infosys up over 4% in intra-day

Nifty IT index, the largest gainer among sectoral indices, was up 2.5%, as compared to a 0.42% rise in the Nifty 50 index at 01:37 pm.

Shares of information technology (IT) companies are trading higher for the third straight session, with the Nifty IT index gaining 5% so far during this period on value buying.

Tata Consultancy Services (TCS) and Infosys, from the index, are up 4% each at Rs 1,961 and Rs 663, respectively. NIIT Technologies, Mindtree, Tata Elxsi, Tech Mahindra and HCL Technologies are up in the range of 1% to 3% on the National Stock Exchange (NSE).

At 01:37 pm, Nifty IT index, the largest gainer among sectoral indices, was up 2.5%, as compared to a 0.42% rise in the Nifty