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

Thus far in the month of July, the Nifty IT index has outperformed the market by surging 19 per cent as against Nifty 50 index which was up 8.25 per cent during the same period

Shares of information technologies (IT) companies continued their upward movement on Monday with Nifty IT index hitting a fresh record high on the National Stock Exchange (NSE), gaining 2 per cent in an otherwise weak market.

Tata Consultancy Services (TCS), Infosys, HCL Technologies, Mindtree and Tech Mahindra were up 2 per cent each, while Mphasis, NIIT Technologies and Larsen & Toubro Infotech were up in the range of 3 per cent to 8 per cent.

At 12:24 pm, Nifty IT index, the top gainer among key sectoral indices, was up 2 per cent as compared to 0.37 per cent decline in the