At around 11.32 am, Nifty IT was trading at 25,040.25 up 273.80 points or 1.11%. The index has touched an intraday high of 25,199.60 in early deals.
Meanwhile, Nifty 50 traded at 14,768.85 higher by 93.15 points or 0.63%.
On the index, Mphasis was the top gainer in percentage terms soaring by 3.22%. The stock has also touched an intraday high of Rs1,787.80 per piece.
Heavyweight TCS was in the fast lane surging by 2%. Meanwhile, peers Infosys and Wipro contributed by climbing around 1% each. Coforge and Naukri.com surged over 1% each.
Stocks like Mindtree and Tech Mahindra gained marginally, while HCL Tech traded on a flat note.
L&T Infotech was the only underperformer, down by 0.4%.
On the global front, US technology stocks tumbled sharply overnight as rising inflation expectations and long-term interest rates undercut took a toll on investors sentiments.
Nasdaq Composite Index which is home to the majority of technology stocks, settled at 13,533.05 down by 341.42 points or 2.46% on Monday. Faang stocks involving Facebook, Amazon, Apple, Netflix and Google parent Alphabet all recorded sharp fall.
Apple slumped 3%, while Amazon and Alphabet tumbled around 2% each. Netflix slipped by 1.2%, while Facebook dived 0.5%.