New Delhi, Aug. 25 -- While the activity in the broader markets remained lackluster, tech stocks managed to attract the bull's eye during Monday's trading session, with the Nifty IT index gaining nearly 3% to touch a one-month high of 36,406, building on last week's rally after U.S. Federal Reserve Chair Jerome Powell hinted at an interest rate cut in the coming months.

All 10 constituents of the index were trading in green, with Mphasis leading the pack, advancing 4.17% to Rs.2,967 apiece, followed by Infosys and TCS, which gained over 3% to Rs.1,534 and Rs.3,145, respectively.

Other tech stocks, including Oracle Financial Services, Wipro, HCL Technologies, Persistent Systems, LTIMindtree, Tech Mahindra, and Coforge, gained between 1.6...