IT Index

BSE IT index drops 3.2%; Midcaps see deeper cuts

Infy's weak numbers triggers selloff in other IT shares

The Sensex rose 77 points, or 0.13 per cent, to close at a fresh lifetime high of 60,136

The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note

Demand to improve as IT spending is expected to increase across sectors

With this deal, TechM will assume management of many of the applications which support AT&T's network and shared systems.

A bottom-up bet on stocks of companies proactive in digital and other new technology areas could still pay off

The IT index has traditionally been a good hedge when the broad market goes bearish