Mumbai: IT stocks Wednesday gained as much as 4 percent as investors poured in funds on hopes that a recovery in the US will boost growth of the key sector.
Among blue-chips, shares of Infosys rose by 2.29 percent and TCS gained 1.31 percent on the BSE. Hexaware Tech jumped 4.11 percent, Wipro went up by 1.41 percent, HCL Tech (1.18 percent) and Tech Mahindra (0.24 percent).
Sectorwise, IT index out-shined other sectoral indices. The BSE IT index gained the most by rising 1.52 percent.
Meanwhile, Wipro Arabia, a subsidiary of India's third largest IT firm Wipro, has bagged a contract from Saudi-based Saudi Electricity Company (SEC) for implementing and rolling out plant maintenance and project system functionality of SAP ERP application.
Infosys is enabling Muji, a leading retailer in Japan, to deliver a superior shopping experience through real-time insights into the buying behavior of its customers.
