Nifty IT index hits record high; Infosys, HCL Tech, Coforge gain 2%

Digital acceleration, large deal wins, client mining, market share gains and margin improvement remain key long term drivers for IT sector, according to analysts

Shares of information technology (IT) companies were back in action at the bourses on Wednesday, with the Nifty IT index hitting a record high of 22,896, up 1 per cent on the National Stock Exchange (NSE). The index surpassed its previous high of 22,619, touched on October 13, 2020.

Infosys, HCL Technologies and Coforge were up 2 per cent, while Tata Consultancy Services (TCS), Mindtree and Larsen & Toubro Infotech were up 1 per cent on the NSE.

As per media sources, IT service providers and business process management firms expect new business opportunities in Covid 19 vaccine