Reflecting the bullish trend, the 10-share IT index gained the most among among the sectoral indices on the BSE, rising by 120.55 points, or 2.21 per cent, to 5,581.24 points after moving between 5,585.04 and 5,478.62 points.
Brokers said buying interest in software sector stocks picked up momentum on expectations of an early US economic recovery after the announcement of positive factory output data yesterday. Indian software exporters get more than 50 per cent of their revenue from US and European markets.
Shares of the country's second largest software exporter, Infosys Technologies, jumped 1.92 per cent to Rs 2,805.15. During the session, 68,657 shares of the IT bellwether changed hands on the BSE.
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