of IT companies were advancing for the second consecutive day on Wednesday,
with the Nifty IT Index jumping over 1 percent on a weaker rupee sentiment.
The domestic currency was trading a bit lower at Rs 68.79 per dollar, down
0.26% as of 13:00 hrs ahead of the outcome of the US Federal Reserve later in
1:05 pm, the Nifty IT was trading over 1.01% at 15,651.65 on the NSE with all
its constituents trading in green, except Tech Mahindra. . In comparison, the
Nifty50 was trading at lower 11,527, down 0.04 percent (4.90 points).
Oracle Financial Services Software, Tata Elxi, Infibeam and Wipro, gained in
the range of 0.5 to 3 percent.
the last two days, IT index has surged 2.21% to 1.44% in range. Nifty IT index
had outperformed the market by rising over 9% on a year-to-date basis, in
comparison with 6% rise in the Nifty50 index.