Nifty IT stocks run with bull markets; LTI hits record high; HCL Tech also in the fast lane

Coforge, Tech Mahindra, and TCS were also bullish. Heavyweight Infosys was also under pressure.

Sep 14, 2021 12:09 IST India Infoline News Service

Bull vs Bear Origami
Nifty IT stocks ran with the bull markets on Tuesday. Larsen & Toubro InfoTech scaled fresh 52-week high and HCL Tech also outperformed. Heavyweight Infosys was under pressure.

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. 

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