IT shares extend gain: TCS hits new high, Infosys at fresh 52-week high

In past one month, Nifty IT index has outperformed the market by surging 11.5% against 3.7% rise in Nifty 50 index

Shares of information technology (IT) companies continued their upward movement with Nifty IT index hit fresh 52-week high in otherwise subdued market.

Infosys, Tata Consultancy Services (TCS), HCL Technologies and Tech Mahindra were up in the range of 1% to 2% on the National Stock Exchange (NSE) on Wednesday.

At 09:46 AM; Nifty IT index was up 1.3% at 12,590, as compared to 0.13% rise in Nifty 50 index. IT index hit a fresh 52-week high of 12,653 in intra-day trade today. The index is 2% away from its all-time high of 12,908 touched on March 4, 2015