Hot stock alert! IT shares lift market to end higher; Infosys, TCS and Coforge hit new life high today
The information and technology stocks lifted the markets to end over half a per cent higher, as the Nifty Index jumped near three per cent today, with the IT heavyweights such as Tata Consultancy Services, Infosys surged around three and a half per cent, while Coforge, a mid-cap stock hit a new high.
The information and technology stocks lifted the markets to end over half a per cent higher, as the Nifty Index jumped near three per cent today, with the IT heavyweights such as Tata Consultancy Services, Infosys surged around three and a half per cent, while Coforge, a mid-cap stock hit new high.
Besides, Wipro ended over one per cent higher to Rs 547 per share on the back of raising $750 million from a bind sale on Thursday, while Tech Mahindra surged over two per cent to Rs 1080 per share, near day’s high level during today’s trade.
"Wipro IT Services LLC (Issuer)... has raised USD 750 million by the issue and allotment of 1.50 per cent notes (Notes) to qualified institutional buyers...," the company said in its regulatory filing.
The IT index was mainly led by Infosys as the company made an announced opening of Buyback offer from Friday at a price of Rs 1750 per share, followed by TCS, which soared second-most on the index in the heavyweight category hitting a new 52-week high of Rs 3383 apiece intraday today.
Besides, other mid-cap IT stocks such as Mphasis and Mindtree surged around three and over two per cent to Rs 2043 and Rs 2537 per share on the NSE respectively at the close today.
L& Infotech and HCL Tech closed over one per cent higher today, while Oracle Financial Services ended flat but positive by around half a per cent during Thursday’s trade.
On monthly F&O expiry, both the benchmark indices Sensex and Nifty50 closed almost 0.7 per cent higher. The BSE Sensex ended at 52,699 up by over 392 points and Nifty50 at 15,790.45, up by over 103 points.
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