Earnings Outperforming key indices! Why Nifty IT surged over 20% in July Updated : July 31, 2020 03:48 PM IST The Nifty IT index surged as much as 22 percent this month as compared to a 6 percent rise in benchmark Nifty. The companies exceeded Street expectations, delivering robust results in terms of revenue, margins, deal wins and guidance for FY21. Motilal Oswal has further increased its allocations to the IT sector in the model portfolio and added 100 bps to Infosys, and introduced Wipro. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.