After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day in green. Sectoral indices were mixed, with stocks in the realty sector and stocks in the pharma sector leading the gains.

At the closing bell, the BSE Sensex stood higher by 35 points (up 0.1%) and the NSE Nifty closed up by 21 points (up 0.2%). The BSE Mid Cap index ended the day up 0.5%, while the BSE Small Cap index ended the day up by 0.6%.

Asian stock markets finished in red. As of the most recent closing prices, the Hang Seng was down by 0.5% and the Shanghai Composite was down by 0.1%. The Nikkei 225 was down by 0.3%. Meanwhile, European markets too were trading in red. The FTSE 100 was down by 0.1%, the DAX was down by 0.1% while the CAC 40 was down by 0.2%.

The rupee was trading at Rs 66.42 against the US$ in the afternoon session. Oil prices were trading at US$ 68.09 at the time of writing.

In news from stocks in the IT sector. TCS share price was in focus today after the IT services major became the first Indian company to hit a total market capitalization of US$100 billion.

The latest spike in TCS shares has been driven by its March quarter earnings, in which the company reported a 5.7% growth in consolidated net profit at Rs 69 billion.

The US$100 billion milestone puts TCS in esteemed company, with only 63 other companies worldwide, including the likes of Amazon, Microsoft, Alphabet (Google) and facebook.

With TCS achieving such milestones, the IT sector seems to have turned the corner.

How It Paid Off to Bet on the Uncertainties in the IT Sector

During the financial year 2017-18, the BSE Sensex delivered a return of about 11%. Blame the market correction that started in February for the modest returns.

However, the BSE IT index gained over 19% during the same period. Now, that's a significant outperformance. If you were holding some solid IT stocks last year, you have most likely fared better than the Sensex.