Nifty IT index hits record high on December 10: Here’s what drove the rally

Nifty IT index hits record high: The Nifty IT index reached new heights on Tuesday, December 10, 2024, hitting an all-time high of 45,377.75. The index rallied up to 1.21 per cent from its previous close of 44,832.

IT stocks were clearly in demand, with 8 out of the 10 index constituents trading higher. Leading the charge was LTIMindtree, which surged 2.12 per cent, followed closely by Mphasis (up 2.02 per cent), Wipro (up 1.70 per cent), and Infosys (up 1.53 per cent). HCLTech also saw gains of 1.04 per cent, while LTTS, Persistent Systems, and Coforge added 0.41 per cent, 0.16 per cent, and 0.11 per cent, respectively.