Nifty IT gains 1000 points to lead bull markets; Tech Mahindra, Infosys, Wipro among top gainers

31 Jan 2022 , 12:15 PM

Nifty IT Index led the bullish runs of the markets on Monday. The Index gained 3% led by gains from heavyweights Tech Mahindra, Infosys, and Wipro. MindTree and Larsen & Turbo twins LTI and LTTS were in the fast lane as well.

Indian indices started the week positively tracking positive global cues on Monday. Sensex zoomed 969.27 points or 1.69%, to 58,169.50, while Nifty jumped to 17,380.65, up 278.70 points or 1.63%.

This week, investors will be closely looking at the Economic Survey and the Union Budget, among other domestic and global cues, to be presented by Finance Minister Nirmala Sitharaman on Monday and Tuesday respectively. 

At around 12.15 pm, Nifty IT was trading at 34,851.15 up 999.20 points or 2.95%, touching a high of 34,928.25 and low of 34,440.30 during intraday trade on Monday.

The Index carried forward the Friday’s momentum to start the week on a bullish note. Mindtree led the gains by surging 6.43% at Rs3,963.60 per piece. Larsen & Turbo Infotech advanced 5.6% while Tech Mahindra was 4.5% higher. Infosys and Wipro also gained 3.35% and 3.26% respectively to lift the performance of the sector. LTTS also roze 3.24% while Coforge continued the bull ride post Q3 results. 

The Index has all the 10 advances with TCS at the bottom but still trading 1.6% higher.