The Nifty IT index continued its upward momentum for the fifth consecutive day, with notable gains from major players like Wipro and Tech Mahindra, both rising nearly 1%. Investors are closely monitoring the impact of Nvidia’s recent earnings report, which has generated optimism across the tech sector.
Performance Highlights:
- HCL Technologies: Up 1.14%, trading at ₹1,697.25, with a high of ₹1,740.60.
- TCS: Increased by 0.80%, currently at ₹4,460.00, reaching a high of ₹4,545.00.
- Tech Mahindra: Rose 0.76% to ₹1,620.05, hitting a day high of ₹1,642.30.
- Wipro: Gained 0.47%, priced at ₹534.05, with a high of ₹540.90.
- Persistent Systems: Up 0.45%, trading at ₹4,958.95, with a peak at ₹5,029.45.
- Infosys: Slightly up by 0.12%, currently at ₹1,925.00.
The Nifty IT index reflects strong investor sentiment, buoyed by the positive outlook on technology stocks following Nvidia’s impressive earnings. The overall market trend indicates a bullish sentiment, with the Nifty IT index showing resilience and potential for further gains as it approaches key resistance levels.
As the tech sector continues to evolve, investors are keenly watching for further developments that could influence stock performance in the coming days.
