TCS, Infosys push BSE IT index to new high; IT index rallies 24% in CY18

Thus far in the current calendar year BSE IT index has outperformed the market by surging 24% as compared to 4.6% rise in the Sensex. Shares of information technology (IT) companies were in focus on Monday with the S&P BSE IT index hitting record high. The raly comes on the back of a surge in prices of sector majors - Tata Consultancy Services (TCS) and Infosys - that hit a new high on the BSE in intra-day trade.

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