HCL Technologies advanced 1.12 per cent to Rs 1,050. Kotak Mahindra Bank, Asian Paints, IndusInd Bank and Titan rose up to 0.8 per cent. Wipro, Infosys, Axis Bank and Bajaj Finance edged higher.
IT Stocks to buy: After the announcement of Q4 results of HCL Technologies, Infosys, and Tata Consultancy Services (TCS), positional long-term investors are looking for bottom-fishing opportunities in these large-cap IT stocks since these stocks are available at much-discounted prices against other segment shares.
HCL Technologies will report its March quarter results on Thursday during post-market hours. Analysts largely expect the IT major to report a single-digit rise in net profit for the quarter on a double-digit jump in net sales.
Motilal Oswal expects ICICI Prudential Life to report a 10.6 per cent YoY rise in net profit at Rs 204.30 crore for the quarter. It expects VNB growth and margins to remain healthy.