IT stocks rally 2% to lead sectoral gains as TechM, Wipro eye results day
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty IT index climbed 614.45 points, or 2.04 per cent, to 30,785.45 on Thursday afternoon.
- ✓Tech Mahindra led the gains, rising 3.83 per cent as investors watched for quarterly results.
- ✓Wipro also rose 1.39 per cent ahead of its earnings report.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Line
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Nifty IT index climbed 614.45 points, or 2.04 per cent, to 30,785.45 on Thursday afternoon, making it the top-performing sectoral index on the NSE while the broader market remained under pressure. The index hit an intraday high of 31,038.15 before pulling back, with eight of its ten constituents trading in the green.
Tech Mahindra led the pack, rising 3.83 per cent to ₹1,635.50 with traded volumes of 61.48 lakh shares worth ₹999.65 crore, a figure traders are watching closely as the company is set to announce its quarterly results later today. Wipro, the other result-day stock, added 1.39 per cent to ₹173.29, also due to report earnings after market hours.
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