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Shares of Information Technology (IT) companies gained attention in Thursday’s (February 6) session following a strong Q4 performance from Nasdaq-listed Cognizant
IT Stocks Rise In A Weak Market
Shares of Information Technology (IT) companies gained attention in Thursday’s (February 6) session following a strong Q4 performance from Nasdaq-listed Cognizant Technology Solutions, which exceeded analyst expectations and projected stronger growth for CY2025.
Boosted by Cognizant’s optimistic outlook, the Nifty IT index traded in the green, despite overall market weakness. By around 12 PM, the Nifty IT index was up by 0.29%. Out of the 10 stocks in the Nifty IT index, 7 were in the positive territory, with Persistent Systems and Coforge leading the gains, followed by Tech Mahindra, Infosys, and HCL Technologies.