Nifty IT index surges 1.5%; Infosys, Wipro, Tech Mahindra among top gainers

Coforge leads gains while LTI was also bullish. Oracle Financial Services Software dragged the most.

May 26, 2021 01:05 IST India Infoline News Service

Nifty IT stocks surged after a sedate start on Wednesday. The IT index gained 1.5% with heavyweights Infosys, Wipro, Tech Mahindra, and Larsen & Turbo Infotech leading the way along with Coforge. Oracle Financial Services Software dragged the most.
The Index picked steam after a gap-up start to join the market bulls. At around 1.35 pm, Nifty IT was trading at 26,773.80 up 379.90 points or 1.44%, touching a high of 26,788.20 and low of 26,380.50 during intraday trade on Wednesday.

BSE Sensex was trading 0.78% higher at 51,032.35 and Nifty50 was up 98.05 points at 15,306.50.

Coforge surged 4.27% to drive the sectorial trade at Rs3,484.35 per piece. Infosys advanced 2.16% at Rs1,390.95 per piece. Wipro gained 1.84% at Rs527.05 per piece. Mphasis also was 1.81% up at Rs1,914.35 per piece.  Tech Mahindra was 1.54% higher at Rs1,007.95 per piece. 

Larsen & Toubro Infotech was trading at Rs1,007.95 per piece, upr 1.45%. LTI on Tuesday launched ServiceNow based Operational Technology Management solution for the manufacturing industry. The solution aims to address the latent demand of the industry to have digital workflows for Operational Transformation (OT) Service Management.

TCS and Mindtree were also over 1% higher while HCL Tech was trading flat. 

Oracle was the lone lagagrd, trailing 2.38% at Rs3,509.45 per piece during Wednesday's trade.

Related Story

Open Free Demat Account (Rs699)