Nifty IT index hits 52-week high; TCS nears record high

HCL Technologies, Infosys, Wipro and Tech Mahindra were up in the range of 1% to 3%, in otherwise subdued market

Shares of information technology (IT) companies were in focus with the Nifty IT index hitting 52-week high, while the sector giant Tata Consultancy Services (TCS) trading close to its record high on the National Stock Exchange (NSE).

At 10:13 am, Nifty IT index, the largest gainer among sectoral indices, was up 2% at 11,143, as compared to 0.16% decline in the benchmark Nifty 50 index. IT index hit an intra-day high of 11,159, its highest level since August 12, 2016.

TCS, too, hit 52-week high of Rs 2,768, up 4% on the NSE in intra-day trade. The stock