New Delhi, Oct. 16 -- Shares of IT stock Tech Mahindra surged 7% on Friday, October 16, making the IT stock the top gainer on the Nifty 50 index after the company reported strong September-quarter results for FY27 (Q2FY27).

The rally came amid a weak broader market, with the Sensex and Nifty trading around 0.2% lower. The Nifty IT index advanced nearly 2%, supported by gains across major IT stocks.

Tech Mahindra added as much as 7% to its day's high of Rs.1,763.95 per share on BSE.

Infosys and Wipro rose over 3.5% each, while Tata Consultancy Services (TCS) gained around 3%. L&T Technology Services, Mphasis, LTIMindtree and HCL Technologies also traded higher, while Persistent Systems fell over 4% and Coforge declined.

Tech Mahindra s...