Market Now: TCS, Tech Mahindra drag Nifty IT index down
NEW DELHI: IT stocks Tata Consultancy Services (down 1.48 per cent), Tech Mahindra (down 0.87 per cent), Infosys (down 0.62 per cent) and Wipro (down 0.35 per cent) were trading in the red in Tuesday’s trade.
The Nifty IT index was trading 0.53 per cent down at 11,177 around 10:40 am (IST).
However, shares of KPIT Technologies (up 3.19 per cent), HCL Technologies (up 0.63 per cent), MindTree (up 0.37 per cent), Tata Elxsi (up 0.19 per cent) and Oracle Financial Services Software (up 0.16 per cent) were trading up around that time.
Benchmark NSE Nifty50 index was 5 points down at 10,220, while the BSE Sensex was 6 points up at 33,039.
Among the 51 stocks in the Nifty50 index, 26 were trading in the green, while 23 were in the red.
Shares of NTPC, Lupin, Hero MotoCorp, UPL, Reliance Industries and Ambuja Cements were among the top gainers in the Nifty50 index.
However, Bharti Infratel, Bharat Petroleum Corporation, Indian Oil Corporation, IndusInd Bank, Hindustan Petroleum Corporation and Tata Consultancy Services were the top losers in the Nifty pack.
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Via:: Economic Times – Stocks