New Delhi, July 2 -- Domestic technology stocks gained sharply in Wednesday's trading session, even as the broader market continued to trade within a narrow range. Infosys share price jumped nearly 3% to hit the day's high of Rs.1,649 apiece, while Wipro gained 2%. MphasiS and TCS each rose more than 1.5%.

Nine out of 10 constituents of the Nifty IT index traded in the green, pushing the index up by 1.8% to an intraday high of 39,519. The index ended June with a strong gain of 4.36%, continuing the bullish momentum from May, when it advanced 4.30%.

The positive sentiment in Indian IT stocks followed dovish comments from the US Federal Reserve. Fed Chair Jerome Powell, speaking at a central banking conference in Portugal, reiterated that...