Technology shares dominate the list of best-performing stocks in 2018

Among IT companies, L&T Technology Services is the best performing stock with a year-to-date gain of 37%

Information technology (IT) stocks have emerged as top bets in 2018 amid an increase in market volatility.  The S&P BSE IT index, a gauge for technology stocks, has gained 10.3 per cent during the year even as the benchmark S&P BSE Sensex remained flat. Technology shares also dominated the list of best-performing stocks in 2018. Half of the top 15 performing stocks in the S&P BSE 500 index are from the IT space.

The sector has emerged as a defensive play, as IT stocks remain relatively stable when markets go through a turbulent phase. They also act as a natural hedge