IT shares gain on US stimulus hope; TCS, Infosys near record highs

The IT index outperformed the market in the April-June (Q1FY21) quarter

Shares of information technology (IT) were trading up to 3 per cent higher at the bourses on Tuesday on report that the US government is working on a stimulus of $2.4 trillion.

Tata Consultancy Services (TCS) gained 3 per cent to Rs 2,505 on the National Stock Exchange (NSE). The IT major's stock was trading close to its all-time high level of Rs 2,555, touched on September 22, 2020. Infosys was also up nearly 2 per cent to Rs 1,028, near its record high of Rs 1,037, hit on September 23.

Among other IT stocks, Mindtree, Wipro, Ramco