TCS on a runaway streak, hits all time high on BSE | business | Hindustan Times
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TCS on a runaway streak, hits all time high on BSE

Extending its gains for the third straight session, IT major, TCS surged by over 2% to touch a lifetime high of Rs 1,126.90 in early trade on the BSE today.

business Updated: Dec 16, 2010 10:39 IST

Extending its gains for the third straight session, IT major, TCS surged by over 2% to touch a lifetime high of Rs 1,126.90 in early trade on the BSE on Thursday. Having jumped by 2.45% in the previous two sessions, TCS started the day on a strong note and rose by 2.32% to an all time peak of Rs 1,126.90 on the BSE.

Another IT bellwether, Infosys Technologies, also registered a smart gain of nearly 2% in early trade on the BSE. Infosys, which carries the maximum weight in the Sensex bratpack after Reliance Industries, rose by 1.79% to touch an early high of Rs 3,261 per piece.

Meanwhile, another software giant, Wipro, rose by 1.53% at the start of trade on Thursday. Experts said the strengthening US dollar boosted the attractiveness of IT stocks. TCS and Infosys were instrumental in driving the Sensex 75 points higher to 19,723.13 in the
morning session, they added.