IT shares gain; TCS, HCL Tech near 52-week high

Nifty IT and BSE IT index were up 2.2%, as compared to a marginal 0.08% decline in Nifty and Sensex.

Shares of information technology (IT) companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise range-bound market.

Tata Consultancy Services (TCS), Infosys, HCL Technologies, Tata Elxsi, Hexaware Technologies and Tech Mahindra were up in the range of 2% to 6%.

At 09:59 am; Nifty IT (10,895) and S&P BSE IT index (10,510) were up 2.2%, as compared to a marginal 0.08% decline in the benchmark indices.

In the past one month, the IT indices have outperformed the market by gaining 8% against 5% rise in the S&P