At around 1.15 pm, Nifty IT was trading at 25,741.40 up 252.40 points or 0.99%, touching a high of 25,857.65 and low of 25,564.60 during intraday trade on Wednesday.
Mindtree rose 2.05% at Rs2,158.95 per piece on Wednesday. The company stock was up for the fourth straight session to lift the sectorial performance.
Wipro surged 1.87% at Rs490.95 per piece. The company said it will invest about $22 million over the next four years to set up a 20,000 sq. ft. innovation centre Holborn, London. The centre will serve as Wipro's flagship centre in the UK and offer technology expertise to companies globally.
Larsen & Turbo Infotech gained 1.62% at Rs3,908.80 per piece. LTI reported a 27.6% rise in consolidated net profit to Rs545.7crin Q4 against a net profit of Rs427.5cr in the same period a year ago.
TCS was also bullish, gaining 1.35% at Rs3,090.90 per piece. Oracle strecthed the winning streak to go up 1%.
Infosys, HCL Tech and Coforge also traded higher. Mphasis and Tech Mahindra were trading flat.