As we saw that sharp rally in Nifty IT stocks pushed market to all time high level of 21894.55(Nifty 50). The Nifty IT index rose 5.14% which is around 1786.45 points which is highest weekly closing since a very long time.
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Nifty IT was in a very tight range since seven days. On 12th January 2024 Nifty IT gapped up more than 900 points and then it rose sharply till 36484. After that NIFty IT index become sideways till 3:30pm.
Stocks which gave highest points in Rally
Stocks like Coforge, Infosys, LTIMindtree and Tech Mahindra gave highest returns on Friday. The Coforge rallied 5.68% and closed at 6592.70. Infosys rallied the highest from all IT stocks which is about 7.93% and closed at 1612.75 which is 118.55 points from the previous day’s close. Likewise Tech Mahindra rose 4.69% and gave a closing at 1308.05 which is 58.65 points higher than the previous day’s closing.
Tata Consultancy Services rose 3.94% after it reported an 8.4% growth in net income for the December quarter which is at Rs 11735 crore driven by tremendous growth in the home market.
Share Price of All IT Stocks on Friday
| Stock Name | Stock Price | Change % |
| COFORGE | 6592.70 | 5.68% |
| HCLTECH | 1540.80 | 3.77% |
| INFY | 1612.75 | 7.93% |
| LTTS | 5468.95 | 2.24% |
| LTIM | 6237.05 | 4.65% |
| MPHASIS | 2679.60 | 3.91% |
| PERSISTENT | 7655.05 | 3.57% |
| TCS | 3882.80 | 3.94% |
| TECHM | 1308.05 | 4.69% |
| WIPRO | 465.45 | 3.85% |
Rupee rises 11 paise to close at 82.90 against US Dollar
The INR strengthened for the eighth consecutive session and settled with a gain of 11 paise at 82.90 against US Dollar on friday. The future price of January month expiry closed at 83. On friday USDINR fall till 1:30pm from the opening at early morning.