Nifty IT index surges 2%; Infy, TCS, Tech Mahindra, Coforge gain up to 3%

The US market ended higher overnight, led by gains in technology stocks, after US Federal Reserve chairman indicated that the central bank may slow pace of rate hikes. Nasdaq Composite jumped 4.4%

Shares of information technology (IT) companies were in focus on Thursday with the Nifty IT index surging 2 per cent on the National Stock Exchange (NSE) in the intra-day trade. The rally comes after US Federal Reserve chairman indicated that the central bank may slow the pace of interest rate hike.

The US market ended higher overnight, led by gains in technology stocks. Nasdaq Composite jumped 4.4 per cent on Wednesday.

Back home, shares of Coforge and L&T Technology Services advanced 3 per cent, while Tata Consultancy Services (TCS), Infosys, HCL Tecnologies, Wipro, Persistent Systems, Tech Mahindra, and