New Delhi, June 1 -- Domestic technology stocks witnessed strong buying momentum in Monday's trade on 01 June, even as the benchmark indices failed to hold on to their intraday gains. Sentiment towards the sector has started improving after months of weakness, as attractive valuations and the strong rally in US software stocks brought back much-needed optimism, helping Indian IT counters recover some of their recent losses.

All 10 constituents of the Nifty IT index ended in the green, with Persistent Systems leading the gains by surging 4%. It was followed by Tech Mahindra, Infosys, Larsen & Toubro, Coforge, and Oracle Financial Services, all of which rallied more than 2.5%.

Other major IT stocks, including Mphasis, Tata Consultancy Ser...