Sensex and Nifty rose over 200 points during early trade on Tuesday. At around 12.10 pm, BSE Sensex was trading at 58,377.65 up 199.89 points or 0.34% and Nifty50 at 17,413.85 up 58.55 points or 0.34%.
Nifty IT Index was trading at 35,366.80 up 237.20 points or 0.68%, touching a high of 35,398.70 and low of 35,020.70 during intraday trade on Tuesday.
LTI stock was in demand, hitting a record high of Rs5670 per piece. It was trading 2.5% higher at Rs5,627.65 per piece.
HCL Technologies rose nearly 1.9% at Rs1,231.10 per piece. The company and HANCOM Inc., one of the leading South Korean software companies, have signed a strategic partnership to share advanced software technology solutions and establish a mutual bridgehead for overseas expansion.
Coforge advanced 1.3% while Tech Mahindra and TCS were over 0.8% higher. Mphasis, Wipro and Mindtree also traded higher.
Infosys was under pressure along with Oracle as the Index had eight advances and 2 declines out of the total 10 stocks.