Infosys TCS

NIIT Technologies, Mindtree, Wipro, HCL Technologies, and Tech Mahindra from Nifty IT index gained up to 7 per cent on the NSE

Industry experts were of the opinion that TCS' focus on large IT outsourcing contracts might be one of the reasons behind the uneven distribution of quarterly revenues

On Monday, though Infosys lost over 3 per cent on the NSE to Rs 722 levels, TCS moved nearly 3.3 per cent higher to Rs 2,081 levels in intra-day deals

Infosys revised its revenue growth as well as margin guidance for FY20 downwards

Tech Mahindra, Mphasis, Firstsource Solutions, Persistent Systems, HCL Technologies and Larsen & Toubro Infotech from the BSE IT index were up in the range of 1% to 2%.

At 11:28 am; the S&P BSE IT index, the largest gainer among sectoral indices, was up 2.7% as compared to 0.24% rise in the S&P BSE Sensex

TCS, Infosys and Tech Mahindra had rallied between 10% and 14% in 14 trading sessions till Tuesday

Infosys was up nearly 3% at Rs 997, while TCS up 1% at Rs 2,345 on the NSE.

Since July 14, post Q1FY17 results, Infosys was down 12%, while TCS fell 6%, against 0.50% rise in Sensex till yesterday.