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TCS, Infosys push BSE IT index to new high; IT index rallies 24% in CY18

Thus far in the current calendar year BSE IT index has outperformed the market by surging 24% as compared to 4.6% rise in the Sensex.

TCS, Infosys
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SI Reporter Mumbai
Shares of information technology (IT) companies were in focus on Monday with the S&P BSE IT index hitting record high. The raly comes on the back of a surge in prices of  sector majors - Tata Consultancy Services (TCS) and Infosys - that hit a new high on the BSE in intra-day trade.

TCS hit a new high of Rs 1,871, up 1.6% on Monday, extending its Friday’s 2.7% gain the BSE after the company’s board approved a proposal to buy back up to 76 million equity shares worth about Rs 160 billion. The buyback price has been fixed at

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