IT shares gain; TCS hits new high, crosses Rs 3,000 mark

Shares of information technology (IT) companies were continue at their upward movement with the sector giant Tata Consultancy Services (TCS) hit a new high crossing Rs 3,000 mark on BSE.

Besides TCS, Persistent Systems, Mindtree, Take Solutions, Tata Elxsi, Zensar Technologies, NIIT Technologies, Tech Mahindra and MphasiS were up in the range of 1% to 6% on BSE on Monday.

The S&P BSE IT index hit a new high of 12,353, up nearly 1% in intra-day trade. Nifty IT index too hit a fresh high of 12,728, surpassed its previous high of 12,668 on the National Stock Exchange