BSE IT index hits record high; TCS, Infosys hit new highs

TCS, Infosys, NIIT Technologies, KPIT Technologies, Mindtree, Wipro, Tech Mahindra and HCL Technologies were up in the range of 1% to 4% on the BSE.

Shares of information technology (IT) companies were trading higher in otherwise weak market with Tata Consultancy Services (TCS) and Infosys hitting their respective new highs on the BSE on hopes that US economic growth, rupee fall will boost Indian exports.

TCS (Rs 2,273) and Infosys (Rs 754) touched a record high, gaining 4% on the BSE in intra-day trade. NIIT Technologies, KPIT Technologies, Mindtree, Wipro, Tech Mahindra and HCL Technologies were up in the range of 1% to 3% on the BSE.

At 12:29 pm; the S&P BSE IT index, the sole gainer from the sectoral indices, was