From HCL Tech to Wipro: 3 reasons why tech stocks are rallying today

India’s tech sector is in the limelight. IT stocks are roaring ahead powering the rally in the markets significantly. The Sensex touched 80,000 mark for the first time since January and is currently hovering close to it. The Nifty is cruising comfortably above 24,200, both benchmark extending their winning streak for the seventh straight session.

What is really turning heads, though, is the sharp surge in the Nifty IT index, which jumped over 3% in early trade. All ten stocks in the index were in the green, with some like HC Tech clocking gains as high as 6%.