Stocks of IT services companies got a shot in the arm after HCL Technologies Ltd surprised the Street with its pre-quarter earnings update. HCL’s better prospects raised hopes of an improvement in the entire industry’s performance in Q2. Unsurprisingly, HCL stock jumped by over 10% on Monday and the Nifty IT index rose 4.7%, making it the biggest gainer among sectoral indices on the NSE.

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