Eight IT shares rose by 0.35% to 2.22% at 9:25 IST on BSE after positive economic data in the United States.
MphasiS (up 2.22%), CMC (up 1.26%), Infosys (up 0.81%), Wipro (up 0.73%), HCL Technologies (up 0.59%), Tech Mahindra (up 0.50%), Hexaware Technologies (up 0.48%) and TCS (up 0.35%), edged higher.
The S&P BSE IT index was up 0.67% to 9,521.39. It outperformed the S&P BSE Sensex, which was up 0.55% at 20,648.57.
The S&P BSE IT index had underperformed the market over the past one month till 20 February 2014, sliding 2.10% compared with the Sensex's 3.15% fall. The index had, however, outperformed the market in past one quarter, rising 11.12% as against Sensex's 0.48% decline.
The Markit Economics preliminary index of US manufacturing increased to 56.7 in February, surpassing economists' estimates, while Labor Department figures indicated fewer applications for unemployment benefits last week. The Conference Board's index of US leading indicators, a gauge of the outlook for the next three to six months, rose in January in line with estimates.
US is the biggest outsourcing market for the Indian IT firms.
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