Stock Market today, Aug. 12 -- The Nifty IT Index gained more than 1% during the morning trades on Tuesday amid a relief rally: Is it time to buy or sell IT stocks ahead of Independence Day?

The Nifty IT Index opened at 34,589.85 levels, higher than the previous day's closing price of 34,544.65. The Nifty IT Index continued to gain further to an intraday high of 35,072.50, which meant gains of more than 1% during the intraday trades. Tech Mahindra, Persistent Systems, Coforge, and HCL Technologies were among the key gainers that led to the rise.

Analysts still say that the concerns around Trump's tariffs still remain, and there remains ambiguity on the issue of whether the recently announced US tariffs on Indian exports cover the servic...