IT Index: IT index has set new flags in the market today and it is trading at a height of more than 1000 points. With a gain of 1000 points, it remains the top gainer index of the market. The market is also getting strong support in Nifty’s IT index and levels above 65900 have also been seen in Sensex. A jump of more than 4 percent is being seen in the IT index. IT index is getting maximum support in Nifty’s rally.
Which IT stocks are booming
The early top gainers in the Sensex stocks that are seeing a boom today are IT stocks only. Tech Mahindra’s share is the highest in the Sensex, at a speed of 4.49 percent. TCS is trading with a strength of 4.35 per cent. HCL Tech gained 4.02 per cent. Apart from this, the share of Infosys is at a height of 3.97 per cent. Business is being seen in Wipro with an increase of 2.47 percent.
How is the condition of IT stocks in Nifty?
Today in Nifty, the maximum share of Emphasis is on the rise, in which the business is being seen with a gain of 7 percent. At the same time, Tech Mahindra is doing business with a jump of 4.39 percent. Business is being seen in TCS with a strength of 4.38 per cent. TCS, Tech Mahindra, Infosys, HCL Tech are trading in the top gainers of Nifty.
News from America could be the reason
After a long time in America, there are chances of stopping the rate hike, the effect of which can be seen on the IT index. The Federal Reserve of America has indicated that it will stop the process of increasing interest rates for a few days, due to which the dollar will be affected and this will cause good momentum for US as well as Indian IT companies.
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