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Shares of IT majors have gained between 1.5-2% on the BSE on hopes that Fed will stick to its pledge of keeping rates low. Sentiments of the market participants further boosted after China injected $81 billion into major banks.
Shares of Wipro have extended its yesterday’s rally and have surged 1.5% in today's trade. The stock is quoting at Rs 568 after Wipro Arabia, a subsidiary of India's third largest IT firm Wipro, secured a contract from Saudi-based Saudi Electricity Company (SEC) for implementing and rolling out plant maintenance and project system functionality of SAP ERP application. The stock opened at Rs 561, touched a high of Rs 572 and a low of Rs 559 on the BSE.
Infosys has climbed nearly 2% to Rs 3,714 after the company enabled Muji, a leading retailer in Japan to deliver a superior shopping experience through real-time insights into buying behavior of its customers. The stock opened at Rs 3,675, touched a high of Rs 3,725 and a low of Rs 3,672 on the BSE.
Further, shares of Tata Consultancy Services (TCS) have advanced nearly 2% to Rs 2,596 on the BSE. The stock opened at Rs 2,570, touched a high of Rs 2,604 and a low of Rs 2,563 on the BSE.
Meanwhile at 1.10 PM, the Sensex is up 123 points or 0.4% to trade at 26,615 levels and BSE IT index is quoting at 10358.25 levels up by 146.52 points or 1.4%.
