Business & Investment

Hot stock alert! IT stocks raise the market and end at highs.Infosys, TCS and Coforge breathe new life today

Information technology stocks have boosted the market by more than 0.5% as Infosys, a major IT giant such as Tata Consultancy Services, surged about 3.5% and Coforge today surged nearly 3% in the Nifty Index. , Medium-cap stocks hit new highs.

In addition, Wipro rose more than 1% to Rs 547 per share as it raised $ 750 million from Thursday’s bind sale. Meanwhile, Tech Mahindra surged more than 2% to 1080 rupees per share.

“Wipro IT Services LLC (issuer) raised US $ 750 million in issuance and allocated 1.50 percent of notes to qualified institutional investors …” the company filed with regulators. It is stated in the document.

The IT index, led primarily by Infosys, announced that the company launched a buy-back offer starting Friday at a price of Rs 1750 per share, followed by TCS’s second surge in the heavyweight category index, the new 52. -High price of 3383 rupees per week during the day today.

In addition, other mid-cap IT stocks such as Mphasis and Mindtree surged more than about 3% and 2% in NSE to Rs 2043 and Rs 2537 per share at today’s closing prices, respectively.

L & Infotech and HCL Tech closed today at over 1% higher. Meanwhile, Oracle Financial Services was flat during Thursday’s trading, but rose about 0.5%.

At the end of the monthly F & O, both the Sensex and Nifty50 benchmark indices closed at nearly 0.7% higher. The BSE Sensex rose more than 392 points at 52,699 and the Nifty 50 rose more than 103 points at 15,790.45.

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Hot stock alert! IT stocks raise the market and end at highs.Infosys, TCS and Coforge breathe new life today

https://www.zeebiz.com/market-news/news-hot-stock-alert-it-shares-lift-market-to-end-higher-infosys-tcs-and-coforge-hit-new-life-high-today-159320 Hot stock alert! IT stocks raise the market and end at highs.Infosys, TCS and Coforge breathe new life today

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