IT stocks rally led by HCL Tech, TCS, Infosys; Coforge hits 52-week high



D-Street Buzz: IT stocks rally led by HCL Tech, TCS, Infosys; Coforge hits 52-week high


© M. Sriram
D-Street Buzz: IT stocks rally led by HCL Tech, TCS, Infosys; Coforge hits 52-week high

After a brutal beating on September 24, the Indian stock market has been trading on a handsome note largely aided by IT stocks.

Sensex is up 687.47 points or 1.88 percent at 37241.07, and the Nifty was up 197.10 points or 1.82 percent at 11,002.60, at the time of writing this copy.

Among the sectors, the IT index gained over 3 percent led by HCL Tech which jumped over 5 percent followed by Tata Consultancy Services which added 4 percent. Other gainers are Infosys, Mindtree, Tech Mahindra and Wipro each rising over 2 percent.

Tata Consultancy Services partnered with Maurices, a fashion-apparel retail chain, a women’s fashion-apparel retail chain in the US and Canada, to help create a new flexible and scalable IT landscape for the latter.

Shitij Gandhi, Senior Technical Analyst

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