Shares of eight IT companies rose by 0.11% to 6.96% at 10:20 IST on BSE on positive economic data in US, the biggest outsourcing market for the Indian IT firms.
MphasiS (up 6.96%), HCL Technologies (up 2.02%), Hexaware Technologies (up 1.64%), Infosys (up 0.39%), Wipro (up 0.38%), TCS (up 0.29%), Tech Mahindra (up 0.13%) and Oracle Financial Services Software (up 0.11%), edged higher.
The S&P BSE IT index was up 0.55% at 10,123.10. It outperformed the Sensex, which was up 0.49% at 26,571.09.
The S&P BSE IT index had outperformed the market over the past one month till 26 August 2014, rising 2.85% compared with 1.21% rise in the Sensex. The index had also outperformed the market in past one quarter, rising 17.57% as against Sensex's 6.98% rise.
Bookings for goods meant to last at least three years climbed by a record 22.6% in July after a 2.7% gain in June that was bigger than previously reported, data from the Commerce Department in Washington showed. The Conference Board's US consumer confidence index rose to 92.4 in August, the highest since October 2007, the New York-based private research group said.
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