IT stocks jumped on Friday, March 6 in an otherwise falling markets. The Nifty IT index jumped almost 2% as against a 0.6% fall in benchmark Nifty.
Indian stock markets were trading on a weak note, mirroring subdued global market sentiment as the continuing US-Israel-Iran conflict dampens investors’ appetite for risk. Sensex fell over 500 points while Nifty was trading around 24,650.
Among stocks, Persistent Systems was the top gainer, up 3% followed by Mphasis, which added 2%. Meanwhile, Coforge, Oracle, HCL Tech, Tech Mahindra, LTIMindtree, Wipro, and TCS advanced over 1% each. Infosys was also up 0.8%
more to come….