Nifty IT index hits new high; Infosys at record high of Rs 1,400 on the NSE

Tech Mahindra, Mindtree, Wipro, KPIT Technologies, HCL Technologies, Tata Elxsi, Infosys and Tata Consultancy Services were trading higher by up to 3% on the National Stock Exchange.

Shares of information technology (IT) companies are in focus on Monday, with the Nifty IT index hitting new high after the Indian rupee slipped to a record low of 69.53 per dollar in the early trade on Monday. It has opened at 69.49 per dollar on today versus 68.83 Friday.

Nifty IT index, the largest gainer among sectoral indices, was up 0.80% at 14,797 at 09:36 am; as compared to 0.68% decline in the Nifty 50 index. The IT index hit a new high of 14,819 in intra-day trade today. The index surpassed its previous high of 14,776 recorded