Market Now: IT stocks rise; Mindtree climbs over 4%

NEW DELHI: IT stocks Mindtree (up 4.35 per cent), Oracle Financial Services Software (up 3.86 per cent), Wipro (up 2.17 per cent) and Tata Consultancy Services (up 1.97 per cent) were trading higher during afternoon trade on Monday.
The Nifty IT index was trading 1.16 per cent up at 12,657 around 2 pm (IST).
Shares of KPIT Technologies (up 1.82 per cent), Infibeam Incorporation (up 1.82 per cent), Tata Elxsi (up 1.28 per cent), Infosys (up 0.49 per cent) and HCL Technologies (up 0.45 per cent) were also in the green in the index.
Meanwhile, Tech Mahindra (down 0.28 per cent) was slightly down around that time.
Benchmark NSE Nifty50 index was up 71 points at 10,185, while the BSE Sensex was up 210 points at 33,179.
In the Nifty index, Cipla (up 5.33 per cent), Lupin (up 5.27 per cent), Aurobindo Pharma (up 4.97 per cent), Kotak Mahindra Bank (up 4.67 per cent) and Adani Ports & Special Economic Zone (up 4.46 per cent) were among the top gainers.
However, ICICI Bank (down 5.73 per cent), Indian Oil Corporation (down 3.65 per cent), Axis Bank (down 2.38 per cent), Coal India (down 2.14 per cent) and Hindalco Industries (down 1.49 per cent) were among the top losers in the Nifty pack of stocks.
The Nifty IT index was trading 1.16 per cent up at 12,657 around 2 pm (IST).
Shares of KPIT Technologies (up 1.82 per cent), Infibeam Incorporation (up 1.82 per cent), Tata Elxsi (up 1.28 per cent), Infosys (up 0.49 per cent) and HCL Technologies (up 0.45 per cent) were also in the green in the index.
Meanwhile, Tech Mahindra (down 0.28 per cent) was slightly down around that time.
Benchmark NSE Nifty50 index was up 71 points at 10,185, while the BSE Sensex was up 210 points at 33,179.
In the Nifty index, Cipla (up 5.33 per cent), Lupin (up 5.27 per cent), Aurobindo Pharma (up 4.97 per cent), Kotak Mahindra Bank (up 4.67 per cent) and Adani Ports & Special Economic Zone (up 4.46 per cent) were among the top gainers.
However, ICICI Bank (down 5.73 per cent), Indian Oil Corporation (down 3.65 per cent), Axis Bank (down 2.38 per cent), Coal India (down 2.14 per cent) and Hindalco Industries (down 1.49 per cent) were among the top losers in the Nifty pack of stocks.