Nifty IT stocks advance over 1.5%; L-;T twins, Wipro, Tech Mahindra, Infosys among top gainers

9 Feb 2022 , 01:10 PM

Nifty IT Index surged over 1.5% to drive bullish markets on Wednesday as LTTS, LTI, Coforge, Mindtree led the gains while HCL Tech, Wipro, Tech Mahindra, and Infosys also made significant gains in the all-positive sector.
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Shares in tech companies advanced in US markets, with heavyweight growth stocks Apple, Microsoft, and Amazon.com Inc each up more than 1%.

Sensex jumped 500 pts, Nifty above 17,400 before trimming few gains. Auto, IT stocks emerged top gainers amid positive global cues. At around 1.10 pm, BSE Sensex was trading at 58,195.87 up 387.29 points or 0.67% and Nifty50 at 17,380.60 up 113.85 points or 0.66%.

Nifty IT was trading at 34,945.55 up 424.00  points or 1.23%, touching a high of 35,052.65 and low of 34,707.65 during intraday trade on Wednesday.

Investors awaited the outcome of the RBI’s policy review due this week and more of corporate earnings for cues.

L&T Technology Services Ltd led the gains at Rs4,620.50 per piece, up 4.6%. Coforge was 3.37% higher at Rs4,736.00 per piece. Mindtree rose 2.6% at Rs3,985.00 per piece. HCL Tech also advanced nearly 2% while LTI and Wipro rose 1.79% and 1.29% respectively. Tech Mahindra, and Infosys were also in the fast lane, gaining 1.14% and 1.12% respectively. Mphasis also rose 1% while TCS was at the bottom among the ten IT companies on the NSE at 0.4% higher trade.