TCS, Infosys: These IT stocks may help Nifty50 claim new high

An up move above 26,000 levels may trigger a rally towards 27,000-mark in the Nifty IT index

Indian IT stocks caught investor fancy on Wednesday, buoyed by an overnight rally in tech stocks in the United States. Tech-heavy Nasdaq gained about 4 per cent on Wall Street on Tuesday with Tesla Inc jumping 20 per cent, the most in almost a year, while Amazon.com Inc and Microsoft Corp posted the biggest single-day gains in five weeks. 

Consequently, the Nifty IT index back home was outperforming the benchmark Nifty50 index. At 11:26 am, the Nifty IT index was ruling 1.4 per cent higher at 25,936.5 leves, having touched a high of 25,984 levels in the intra-day deals. Among