At 11:41 am; the S&P BSE IT index and Nifty IT indices were up 2 per cent each, as compared to 0.14 per cent gain in the benchmark indices the S&P BSE Sensex and Nifty50.
The Nifty IT index has managed to conquer the resistance of 27,500 which suggests a further upside towards 28,200 and 28,500 levels
TCS Q4 Preview: Analysts expect TCS to report a 9 per cent year-on-year (YoY) growth in revenue (in rupee terms) for the March quarter
Strong growth for the tech sector, margin headwinds for FMCG firms to tilt the scale in favour of the former, say analysts
In the month of March, the IT index has outperformed the market by surging 7.7 per cent as against a 1.3 per cent gain in the benchmark index till Wednesday
An up move above 26,000 levels may trigger a rally towards 27,000-mark in the Nifty IT index
After the recent correction in Nifty IT, the index is gradually rising
Wipro, Mindtree, Mphasis and Coforge from the Nifty IT index were up in the range of 3 per cent to 5 per cent on the NSE
Analysts say the company may revise its FY21 revenue guidance upwards
Infosys, Wipro, MphasiS and HCL Technologies from the Nifty IT index were up between 2 per cent and 3 per cent
In a departure from past trend, analysts believe that Indian IT companies may post a strong performance for the third quarter of FY21 (Q3FY21)
Infosys, HCL Technologies, Tech Mahindra, Larsen & Toubro Infotech, Coforge and Mindtree were up in the range of 3 per cent to 6 per cent on the NSE
The medium-term trend of Sensex is bullish till the time it defends 44,000 levels
Edelweiss Securities says that the robust tech up-cycle would benefit firms like HCL Technologies, Infosys, TCS, and Tech Mahindra
Thus far in the financial year 2020-21, the IT index has outperformed the market by surging 74%, as compared to a 38% rise in the Sensex till Wednesday.
Persistent Systems, Datamatics Global, Birlasoft, Mphasis, Firstsource Solutions, NIIT, Mastek, Ramco Systems and Quick Heal from the S&P BSE IT index were up between 5% and 11%
TCS, Infosys, Wipro, Larsen & Toubro Infotech, Coforge and HCL Technologies from Nifty IT index were up in the range of 2 per cent to 4 per cent on the NSE
Rising focus on network upgradation and spending on 5G equipment by telecom industry augurs well
The 50-member S&P BSE Information Technology (BSE IT) Index jumped to a record high this week, taking its advance since the end of March to more than 40%
Thus far in the month of July, the Nifty IT index has outperformed the market by surging 19 per cent as against Nifty 50 index which was up 8.25 per cent during the same period