Following the better-than-expected third quarter numbers of IT major Cognizant Technology Solutions, the BSE IT index was gaining over 1 per cent despite sluggish overall market, led by gains in heavyweights such as TCS, Wipro, and Infosys.
Cognizant Technology Solutions on Tuesday reported a growth of 22 per cent in revenues for the third quarter ended September 2013 at USD 2.31 billion, beating the expectations of the market. The company said fiscal 2013 revenues are expected to be at least USD 8.84 billion, up at least 20.3 per cent compared to 2012.
At 12:20 hours, the BSE IT index was trading at 8,455.29, up 1.31 per cent as compared to around 0.20 per cent decline in the benchmark index Sensex.
Tata Consultancy Services (TCS) was trading up by 1.86 per cent at Rs 2,080. The stock touched a low of Rs 2,060 and a high of Rs 2,087 in trade today.
Wipro was trading 0.52 per cent higher at Rs 481.60, while Infosys was up 0.89 per cent