IT stocks gained today as Accenture has raised the revenue forecast.
Nifty IT index gained as much as 1.4 per cent, and is set to extend a six-day winning streak.
Accenture has raised the full-year revenue forecast after strong growth in its consulting business.
Accenture has been investing heavily to boost its digital business, which offers analytics, content management, social media and cloud services to businesses
“Remain positive on Indian IT services as digital projects get larger,’’ Ambit Capital says.
“Indian companies, whose traditionally competitive advantage has been lower costs, can offer advantage,’’ it says.
Tata Consultancy Services was up about 1 per cent, and Infosys Technologies gains 1.7 per cent.