Eight IT shares rose by 0.3% to 3.34% at 13:32 IST on BSE after recent strong economic data in the US.
TCS (up 3.34%), Hexaware Technologies (up 2.85%), Tech Mahindra (up 2.57%), Wipro (up 2.38%), HCL Technologies (up 1.28%), Infosys (up 1.17%), MphasiS (up 0.42%) and Oracle Financial Services Software (up 0.3%), edged higher.
The S&P BSE IT index was up 2.30% at 8661.04. It outperformed the Sensex, which was down 0.52% at 21,214.54.
The S&P BSE IT index had underperformed the market over the past one month till 9 December 2013, sliding 1.11% compared with the Sensex's 3.19% rise. The index had also underperformed the market in past one quarter, rising 7.77% as against Sensex's 10.67% rise.
American employers added more jobs than forecast and the jobless rate dropped to the lowest since 2008. The 203,000 increase in payrolls in November followed a revised 200,000 advance in October, Labor Department figures on Friday, 6 December 2013, showed.
The US jobless rate fell to 7%, showing progress in the labor market that will help provide a spark for the US economy.
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Another report showed consumer confidence rose more than forecast in December to the highest level in five months, easing concern about household spending heading into the holiday-shopping season. The Thomson Reuters/University of Michigan preliminary December consumer sentiment index rose to 82.5, the strongest since July, from 75.1 in November. US is the biggest outsourcing market for the Indian IT firms.
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