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.