Indian IT stocks rallied on Friday after Accenture reported a better-than-expected quarterly results and raised revenue guidance. HCL Technologies, MindTree and Infosys led the IT stocks rally.

Accenture's net revenues stood at USD 7.77 billion, up 0.4% in reported and 10% y-y in constant currency terms - above the company's guided range of USD 7.35 to 7.6 billion, and beating consensus expectations of USD 7.5 billion.

Global IT consulting and services provider expects net revenue growth in local currency to be in the range of 9 percent to 10 percent, compared with 8 percent to 10 percent previously.

HCL Technologies gained the most with a rise of 2.54% followed by MindTree (2.45%), Infosys (1.92%), Hexaware Technologies (1.83%), Persistent Systems (1.25%), Wipro (0.92%), TCS (1.03%), Tech Mahindra (0.65%) and CMC (1.15%).