Nifty IT index surges 13% in April; TCS soars 25% in 16 trading days

TCS, HCL Technologies, Hexaware Technologies, KPIT Technologies, Mindtree, NIIT Technologies, Sasken Technologies and Tata Elxsi have hit their respective all-time highs.

Shares of information technology (IT) companies were in focus with the Nifty IT index hitting new high on Monday, after the sector giant Tata Consultancy Services (TCS) reported a better than expected March quarter (Q4FY18) results.

Nifty IT index, the largest gainer among sectoral indices, was up 1.7% at 14,141, as compared to 0.39% rise in the Nifty 50 index. The index hit a new high of 14,245 in intra-day trade today, has outperformed the market by surging 13% thus far in the month of April. On comparison, the benchmark index was up 5% thus far in the current