Nifty IT index hits 52-week high as Accenture raises revenue guidance

TCS, Infosys, MindTree, Polaris Consulting, Sonata Software, Hexaware Technologies, Ramco Systems and L&T Infotech were up 1% to 7% on the NSE.

Shares of information technology (IT) companies were trading higher with the Nifty IT index hitting 52-week high of 11,432 in intra-day trade on Friday after Accenture raised its revenue forecast for fiscal year 2018 after the company reported a better than expected first-quarter results.

At 11:25 AM; Nifty IT index was up 0.54% at 11,436 points as compared to 0.36% rise in the Nifty 50 index at 10,478 points. Thus far in the December 2017, the IT index outperformed the market slightly by gaining 2.8% against 2.4% rise in the benchmark index.

Tata Consultancy Services (TCS), Infosys and