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Nifty IT outperforms benchmark, index zooms near 160 pts; Heavyweight Infosys, Wipro lead rally

The Nifty IT index climbed to an intraday high of 26,455.05.

February 12, 2021 12:20 IST | India Infoline News Service
Man riding bull representing profit in stock market
IT stocks remained among the top picks of Friday's trading session with heavyweights like Infosys and Wipro emerging as front runners. Nifty IT outperformed benchmark Nifty 50.

At around 12.11 pm, Nifty IT was trading at 26,202.35 higher by 158.90 points or 0.61%. The index climbed to an intraday high of 26,455.05.

Nifty 50, meanwhile, traded at 15,198.40 up 25.10 points or 0.17% at the same time.

Infosys was the top gainer on Nifty IT, surging by 1.5% followed by Wipro advancing by 1.24%. Tech Mahindra also soared by 1.2% and was among top picks.

In the latest development, Infosys plans to enhance tennis experiences for those onsite and those unable to attend in person. Using digital as an equaliser to bridge the physical gap, Infosys and Tennis Australia are opening up new possibilities by leveraging cloud, AI, 3D virtual experiences and mobility.

Meantime, HCL Tech witnessed 0.5% upside, while Mphasis, TCS and Coforge climbed marginally.

TCS has strengthened its partnership with Snowflake, with the launch of a curated version of its TCS DAEzMo suite of solutions that enables businesses to accelerate their data landscape modernization and migration to Snowflake’s data cloud.

On the downside, Naukri.com took lead tumbling by nearly 1% followed by Mindtree down 0.5% and L&T Infotech diving 0.2%.

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