DBT Bureau
Bengaluru, 19 May
Nifty IT, the index which measures the movement of major IT services and technology firms in India, posted 1.77% rise to close the trading week at 33,438. On Friday last week, the IT index, however, fell 0.68%.
Last week, share price of Tata Consultancy Services closed 1.17% down at Rs 3,853.35. Infosys share price closed 1.79% up at Rs 1,444 last week. Meanwhile, Wipro’s share price closed 3.10% up at Rs 462.80 during the week. Similarly, HCL Tech’s share price rose 2.10% at Rs 1,339.20 last week.
Among mid-tier firms, Tech Mahindra shares rose 3.35% to Rs 1,306 last week. Similarly, LTIMindtree closed 3.12% up at RS 4,753 per share during this period.
Globally, the Nasdaq Composite ended 1.74% higher at 16,685 during the week. The index logged weekly gain as investors appeared encouraged by signs that the US inflation eased in April based on a May 15 reading from the consumer-price index.
