Eight IT stocks rose by 0.04% to 0.74% at 9:39 IST on BSE on positive economic data in US, the biggest outsourcing market for the Indian IT firms.
Tech Mahindra (up 0.74%), MphasiS (up 0.63%), HCL Technologies (up 0.62%), Oracle Financial Services Software (up 0.59%), Hexaware Technologies (up 0.46%), Infosys (up 0.41%), CMC (up 0.04%) and Wipro (up 0.04%), edged higher. However, TCS fell 0.35% to Rs 2,409.35.
The S&P BSE IT index was up 0.13% at 9,306.73. It underperformed the Sensex, which was up 0.16% at 25,865.47.
The S&P BSE IT index had outperformed the market over the past one month till 3 July 2014, rising 9.93% compared with 3.88% rise in the Sensex. The index had, however, underperformed the market in past one quarter, rising 3.68% as against Sensex's 14.73% rise.
US employers added 288,000 workers to nonfarm payrolls in June, following a 224,000 increase in May that was bigger than previously estimated. A 1.39 million increase in employment over the past six months was the largest since early 2006, while the unemployment rate fell to 6.1%, the lowest level since September 2008.
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