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IT stocks were broadly in the green during Mahurat trading session on the occasion of Diwali festival. However, the upside was on a slower pace compared to other sectoral indices.

At around 7.03 pm, Nifty IT was trading at 21,570.40 up 133.55 points or 0.62%. The index has touched the day’s high and low of 21,618.90 and 21,544.20 respectively.

Heavyweight Infosys, Wipro and TCS gained by near 1% each. Mphasis also recorded similar gains.

L&T Infotech, HCL Tech, Tech Mahindra and Mindtree surged marginally.

Global technology stocks have been in focus since US election outcomes, followed by Covid-19 vaccine development. However, investors bet cautiously as the surge in infections in the US and Europe delays economic recovery ahead. 

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