Nifty IT index rallies 3%; TCS, HCL Tech, Mindtree, Coforge hit fresh highs

Persistent Systems, Datamatics Global, Birlasoft, Mphasis, Firstsource Solutions, NIIT, Mastek, Ramco Systems and Quick Heal from the S&P BSE IT index were up between 5% and 11%

Shares of information technology (IT) companies were on a roll at the bourses on Monday with the Nifty IT index surging over 3 per cent after HCL Technologies said that it expects the revenue and the operating margin for the July-September quarter (Q2FY21) to be meaningfully better than the top end of the guidance it had provided in July’2020.

At 10:40 am, Nifty IT index, the top gainer among sectoral indices, was up 3 per cent, as compared to 0.7 per cent rise in the Nifty 50 index. Tata Consultancy Services (TCS), HCL Technologies, Mindtree, and Coforge (earlier know