Information Technology (IT) indices, S&P BSE Information Technology, and Nifty IT were rising in early trade on Thursday, December 14. Heavy buying in the IT pack was seen after the renowned global business research consultancy, HFS Research, said that the IT budget of IT firms’ was expected to jump in 2024.
At around 10:05 a.m., the S&P BSE Information Technology index was up by 2.49 per cent or 840.44 points, at 34,594.21. Similarly, the Nifty IT index was higher by 2.63 percent, or 846.9 points, at 33,913.55. Even the top 5 gainers on NSE were from the IT pack—LTIMindtree, Tech Mahindra, Infosys, HCL Tech, and Wipro—which rose between 3.19 per cent to 2.74 per cent.