Seven IT shares rose by 0.23% to 2.32% at 9:24 IST on BSE after a batch of upbeat economic data in the US.
MphasiS (up 2.32%), HCL Technologies (up 0.68%), Hexaware Technologies (up 0.46%), Tech Mahindra (up 0.37%), TCS (up 0.36%), Wipro (up 0.34%) and Infosys (up 0.23%), edged higher.
The S&P BSE IT index was up 0.25% at 8,322.26. It underperformed the S&P BSE Sensex, which was up 0.75% at 20,573.22.
The S&P BSE IT index had underperformed the market over the past one month till 27 November 2013, sliding 1.68% compared with the Sensex's 1.27% fall. The index had also underperformed the market in past one quarter, riisng 8.82% as against Sensex's 13.65% rise.
Data on Wednesday, 27 November 2013, showed fewer Americans than projected filed applications for unemployment benefits last week, a sign that the labor market is showing resilience. The Thomson Reuters/University of Michigan final index of consumer sentiment in November unexpectedly rose to 75.1 from 73.2 a month earlier.
Separately, the Conference Board's index of US leading indicators, a gauge of the economic outlook for the next three to six months, rose for a fourth straight month in October, reflecting gains in factory orders and applications to build new homes.
The US is the biggest outsourcing market for the Indian IT firms.
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