Wipro, Infosys to Coforge: Why are IT stocks rising in trade today? Nifty IT index soars 3%
New Delhi, May 29 -- Indian IT stocks witnessed strong buying interest during Monday's trading session, with sector heavyweights such as Wipro, Infosys, Tata Consultancy Services (TCS), and others advancing sharply as investors turned optimistic on the sector's near-term prospects.
The rally came amid an overall positive market environment and improving sentiment towards global technology companies. The Nifty IT index surged nearly 3%, with every constituent trading in positive territory.
Wipro emerged as the top performer among Nifty IT stocks, gaining around 4% during intraday trade. Infosys, Coforge and LTIM also advanced more than 3.5% each, while Persistent Systems, Mphasis and HCL Technologies rose over 2%. L&T Technology Services...
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