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IT stocks rally ahead of US election outcome; Infosys, Wipro advance 4%

Biden has indicated raising corporate taxes and capital gains tax if voted to power.

Topics
Nifty IT stocks | Buzzing stocks | 2020 US elections

SI Reporter  |  Mumbai 



Average salary in IT sector has also increased by 30 per cent from 2014, say company officials
HCL Technologies, Tata Consultancy Services and Mphasis, meanwhile, were up 2 per cent on the National Stock Exchange (NSE) today.

Shares of information technology (IT) companies were in focus in the early morning trade on Wednesday with the Nifty IT index gaining 3 per cent amid counting of votes in the crucial US presidential election. According to the latest trend, Democratic candidate has secured 209 electoral votes so far, while has won 118. A candidate needs to win 270 electoral votes to capture the presidency.

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First Published: Wed, November 04 2020. 10:00 IST

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