IT shares extend gain; Nifty IT index up 5% in two days

Infosys, TCS, HCL Tech, Wipro and Tech Mahindra were up 4% to 8% in past two trading days

Shares of information technology (IT) companies were trading higher for the second straight day, with the Nifty IT index gaining 5% in past two days on the National Stock Exchange (NSE).

At 10:04 am; the Nifty IT index was trading at 10,592, up 2.2%, extending its Monday’s 2.7% surge on the NSE. On comparison, the Nifty 50 index, which trading at 9,812, was up 1.5% during the period.

So far in 2017, the Nifty IT index had underperformed the market by falling 3% against 18% rise in the benchmark index till Friday, July 7, 2017.

Infosys and