Nifty IT maintains upside as investors eye US election results; L&T Infotech, HCL Tech top performers

Currently, Joe Biden leads with massive votes as counting continues in states.

Nov 05, 2020 07:11 IST India Infoline News Service

Stock traders celebrating
IT stocks maintained upside on Thursday as investors await for US presidential election outcomes. Currently, Joe Biden leads with massive votes as counting continues in states.

At around 12.45 pm, Nifty IT was trading at 21,411.70 higher by 307.15 points or 1.46%. The index has gained to the day's high of 21,596.

Top gainers on the index were - L&T Infotech (+4%), HCL Tech (+3%) and Tech Mahindra (+2%).

Mindtree, TCS, Infosys and Wipro advanced by 1% each. Mphasis saw a marginal rise.

According to the latest trend, Biden who belongs to the Democratic Party has received 264 electoral votes, compared to Republic Party and current President Donald Trump who has witnessed 214 electoral votes so far.

The votes counting began from November 04, after the polls were closed in late Tuesday (November 03). A total of 270 electoral votes are required for a candidate to win the election.

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