Infosys, TCS, Wipro and other IT stocks rallied on Tuesday, lifting the Nifty IT index over 2% amid strong buying momentum. All the constituents of the Nifty IT index were trading in the green, with gains ranging from 0.5% to 4%.
Infosys share price jumped nearly 4%, being the top gainer in the Nifty IT index. The gains in Infosys shares came after the second largest IT services company in India announced plans for a share buyback.
Wipro shares was second top gainer in the IT pack, followed by Tech Mahindra, LTIMindtree, HCL Technologies and Coforge.
