Why are tech stocks rallying? Here are 3 reasons

The information technology stocks soared high in Wednesday’s trading session. The Nifty IT, which compiled IT stocks, was quoting at a level of 42,227.60 on the NSE, up 1.27%. Out of the five top gainers on the Nifty 50, the first four were tech stocks.

Among the components of the Nifty IT index, Wipro’s share price rose 2.4% to trade at Rs 305.75, the highest gainer on Nifty IT as well as Nifty 50.