Nifty IT index surges nearly 3% last week on Infosys-led rally, biggest jump in over a month

Key Highlights

• The stock ended the session with a bumper rally of 5.7% at ₹1,689 apiece.
• The late rally also contributed to a 2.8% gain in the index in the holiday-shortened week, marking the largest weekly jump in over a month.
• Eight out of the ten constituents of the index closed in the green, with Tech Mahindra leading the rally, surging 5.6%, followed by Oracle Financial Services and Infosys, each of which ended the week with gains of over 5%.
• Other stocks, including LTIMindtree, Coforge, HCL Technologies, Wipro, and Mphasis, rallied between 1.7% and 4.5%.
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