NIFTY 50

Here's why IT stocks were buzzing in trade

Updated : July 14, 2021 15:36:56 IST

IT stocks rallied on Wednesday with the Nifty IT index surging more than 3 percent led by strong gains in Mphasis, Mindtree, Wipro and L&T Infotech.

Robust Q1FY22 earnings from Mindtree and expectations of a similar trend in other IT companies lifted sentiment.

Mindtree reported 7.7 percent growth which was higher than street expectations, while Infosys and L&T Technologies will be reporting their quarterly earnings after market hours.

Watch the video for more.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you