IT stocks today gained as much as 4 per cent as investors poured in funds on hopes that a recovery in the US will boost growth of the key sector.
Among blue-chips, shares of Infosys rose by 2.29 per cent and TCS gained 1.31 per cent on the BSE. Hexaware Tech jumped 4.11 per cent, Wipro went up by 1.41 per cent, HCL Tech (1.18 per cent) and Tech Mahindra (0.24 per cent).
Sectorwise, IT index out-shined other sectoral indices. The BSE IT index gained the most by rising 1.52 per cent.
Meanwhile, Wipro Arabia, a subsidiary of India's third largest IT firm Wipro, has bagged a contract from Saudi-based Saudi Electricity Company (SEC) for implementing and rolling out plant maintenance and project system functionality of SAP ERP application.
Infosys is enabling Muji, a leading retailer in Japan, to deliver a superior shopping experience through real-time insights into the buying behavior of its customers.
