As states ease restrictions gradually in Jun'21, investors expect the demand environment to get better which can have a positive impact on the markets as well. The index has been on a winning streak since the start of this week after Group of Seven (G7) nations agreed to back the minimum global corporate tax rate of at least 15%.
At around 11:25 AM, Nifty IT was trading at 27,797.70 up by 258.70 points or 0.94%. The index has tumbled to an intraday low of 27,649.95 and has touched an intraday high of 27,809.90 during early trading hours on Thursday. BSE Sensex was trading at 52,138.71 up 197.07 points or 0.38% and Nifty50 at 15,694 up 58.65 points or 0.83%.
Tech giant Wipro followed with 2% gain, while Tech Mahindra and Mphasis zoomed by 1.5% and 1.2% respectively.
Heavyweights Larsen and Toubro Infotech surged by 1.16%, while Oracle Financial Services soared 1.03%.
Infosys was 0.84% on the upside at Rs1,427.20 per piece followed by Mindtree advancing by 0.63% at Rs2,434.35 per piece.
Tech giant HCL Tech and TCS were also trading in the green to lift the sectoral gains. Recently, TCS positioned as a Global Leader in IoT services by Zinnov.