IT stock rose, Infosys Gains, Nifty IT index up



Mid-Market Stocks: From the Opening to mid-session, shares of Information Technology sectoral stocks are gaining momentum in Wednesday’s session.

During the mid-session, the Nifty IT index advanced over 1 percent on the NSE with major gains in Infosys, Justdial and HCL Technologies. The index hit at 14,836.30 levels.

Also, buying was seen in  Tata Elxsi, Tech Mahindra, Hexaware, TCI, Wipro and NIIT Tech, which lifted the index up.

All the Nifty IT gauges were witnessing buying support, except Mindtree, which slipped 1.33% in today’s session.

Shares of IT major Infosys which closed at 643.55 on Tuesday, touched an intraday high at Rs.655.45 during the day. Shares of IT major rose to such extent, a day after a slip in the stock amid whistle-blower complaints, whereby it has wiped out about Rs.53,000-cr of investor wealth, on Tuesday. Get more newly updated stock Tips and Free stock Tips visit our website.

Shares of HCL Technologies advanced 2.64% ahead of September quarter numbers, to be released today.

Meantime, the benchmark Sensex was up 120 points at 39,084.37 and the Nifty50 index was up 23 points at 11,611 at 12.47 pm. The IT Giants including, HCL Technologies, Infosys and Tech Mahindra added up to 2.5 impetus in the Nifty50 benchmark.

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