Shares of India's IT services providers Wipro (WIPR.NS) and HCLTech (HCLT.NS) rose 10% and 4% respectively, on Monday after their third-qurter results showed signs of demand stabilization and growth.
HCLTech, India's third-largest IT services provider, and fourth-ranked Wipro both surpassed quarterly revenue expectations.
Their rise also sent the Nifty IT index up 3.3%.
