New Delhi, Aug. 28 -- IT stocks witnessed strong buying on Friday, with the sector gaining nearly 4% amid broad-based purchases. The Nifty IT index advanced 2.75% to move above the 31,000 level.

Tata Consultancy Services (TCS), HCL Technologies and Tech Mahindra emerged among the top gainers on the Nifty 50.

TCS share price led the rally, rising 3.65%, while HCL Tech and Infosys gained 3.41% and 2.78%, respectively. Wipro shares also advanced nearly 2% during intraday trading on August 28.

Indian IT stocks rallied in line with gains in global technology shares after chipmaker Nvidia reported better-than-expected second-quarter earnings and delivered a strong sales outlook, boosting expectations that spending on AI infrastructure will r...