Nifty IT index hits new high; Wipro, Tech M, Mindtree touch record peaks

As many as 17 stocks from the IT sector hit their respective record highs today

Shares of information technology (IT) companies continued their northward movement for the second day in a row, with Nifty IT index hitting a new high on Thursday, after Mindtree and L&T Technology Services (LTTS) reported strong earnings for the quarter ended June 2021 (Q1FY22). Their large-cap counterpart Infosys, too, has raised its revenue growth guidance for financial year 2021-22 (FY22) which buoyed the overall sentiment.

Nifty IT index hit a new high of 29,745 in the intra-day trade today, having rallied nearly 5 per cent in the past two trading days. On Wednesday, the index surpassed its previous high