Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs

Shares of information technology (IT) were in focus on Monday with the Nifty IT index gaining 2 per cent on the National Stock Exchange (NSE) as large cap companies from the sector will kick-start June quarter (Q1FY25) earnings next week.

At 11:53 am; the Nifty IT index, the second largest gainer among sectoral indices after Nifty Media, was up 2.02 per cent. In comparison, the Nifty 50 was up 0.41 per cent at 24,109. The Nifty IT index has rallied nearly 14 per cent in the past one month.