TCS, Infosys, MindTree: How to trade IT stocks ahead of Q2 earnings

Shares of information technology (IT) companies were trading firm in the morning deals on Monday. The Nifty IT index was trading over 2.5 per cent higher at 20,620 levels with all the 10 constituents advancing. Among individual names, TCS rallied 5 per cent to hit a record high of Rs 2,650 on the NSE after the company said it will consider a buyback on Wednesday, October 7, 2020. It's market capitalisation surged past the ₹10 trillion mark for the first time on Monday. The IT major is also slated to report its September quarter (Q2FY21) earnings on the same day.