Tech stocks witnessed strong buying momentum in early market trade, with Coforge soaring 9.12% to ₹7,869.90 and Persistent Systems rising 3.77% to ₹5,347.50. The uptrend was further supported by Oracle Financial Services (OFSS) gaining 3.45% to ₹7,897.75, while KPIT Tech climbed 2.88% to ₹1,249.65.
Other notable gainers in the IT sector included L&T Technology Services (LTTS) rising 2.48% to ₹4,679.95, Mphasis advancing 2.51% to ₹2,303.00, and Tata Elxsi up 2.30% to ₹5,512.90. Heavyweights like TCS, Infosys, HCL Tech, and Wipro also traded in the green, adding to the positive sentiment in the sector.
Meanwhile, broader markets were upbeat, with Sensex climbing 503 points to 73,493.13 and Nifty gaining 160.90 points to 22,243.55 at 10:02 AM. The tech sector rally reflects optimism among investors, backed by strong earnings outlooks and global cues favoring IT services demand.
Disclaimer: The views and investment tips expressed in this report are purely for informational purposes. Investors are advised to consult their financial advisors before making any investment decisions.
