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.

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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.
yash@newsbarons.com
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