Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%

At 10:12 AM, Nifty IT index, the top gainer among sectoral indices, was up 2.7 per cent

Shares of information technology (IT) companies were in focus on Thursday with the Nifty IT index hitting a fresh 52-week high of 34,100, surging 3 per cent in the intraday trade, amid a dovish US Federal Reserve policy where the officials forecasted at least three rate cuts next year.

At 10:12 AM, the Nifty IT index, the top gainer among sectoral indices, was up 2.7 per cent at 33,948 as compared to 1.2 per cent rise in the Nifty 50. The IT index had hit a record high of 39,446.70 on January 4, 2022.

Among individual stocks, Sonata