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Market move▲ Bullish for TCS
Nifty IT gains 2.1% as nine of 10 constituents trade higher
The brief
- The Nifty IT index advanced 2.1 per cent during intra-day deals
- TCS, Tech Mahindra and HCL Tech led the rally, while Mphasis and Coforge also gained
- A stronger IT-sector session lifts sentiment for Indian IT services companies, including TCS, Tech Mahindra and HCL Technologies
- IT stocks rally up to 5% ahead of Accenture results despite Kotak’s muted Q2 outlook
- IT Stocks In Focus: TCS, Mphasis Defy Nifty IT Weakness; Citi Cuts TCS Target Price, Maintains 'Sell'