Wipro, HCL Tech surges 5%


IT stocks ended higher on reports that global brokerage firm Morgan Stanley upgraded ratings for Infosys, HCL Technologies to overweight.

Shares of Wipro closed higher by 5% at Rs. 331, while HCL Tech stock ended higher by 5% at Rs.948.

Infosys stock closed 4% higher at Rs. 1122 and TCS stock surged 4% at Rs. 2850.

The board of directors of Wipro will held on January 18-19 to consider December 2017 quarter (Q3FY18) results.

HCL Tech will also announce its results on 19th January, 2018.

Sensex was lower by 72 points at 34,771 , While Nifty was lower by 41 points at 10,700.

NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.