New Delhi, May 18 -- Coforge, Tech Mahindra, Persistent Systems, Oracle Financial Services Software, and Mphasis were among the tech stocks that continued to rally in Monday's trade on May 18, even as the broader markets remained range-bound.

According to analysts, the continued weakness in the domestic currency and the sector's transition into a defensive hedge are aiding the recovery rally in tech stocks.

Coforge led today's gains with a 4.4% surge, while Tech Mahindra advanced 4.1%. Persistent Systems, Oracle Financial Services Software, Mphasis, and Infosys were also trading higher, with gains ranging between 1% and 4.1%.

Overall, all 10 constituents of the NIFTY IT index were trading in the green. Tracking gains in large-cap stock...