Market Now: IT stocks mixed; Wipro, Infosys among losers


NEW DELHI: IT stocks were trading mixed in afternoon trade on Wednesday.

KPIT Technologies (up 3.21 per cent), Tech Mahindra (up 2.64 per cent), HCL Technologies (up 0.83 per cent) and Oracle Financial Services Software (up 0.40 per cent) were trading up.

The Nifty IT index was trading 0.24 per cent up at 12,765 around 02:55 pm (IST).

However, shares of Wipro (down 0.81 per cent), Infosys (down 0.66 per cent), Infibeam Incorporation (down 0.36 per cent), Tata Elxsi (down 0.17 per cent) and MindTree (down 0.11 per cent) were down around that time.

Selling in telecom, metal, auto and financial stocks amid negative Asian cues weighed on benchmark indices.

However, buying in select bank stocks helped markets pare losses.

The BSE Sensex was 46 points down at 33,811, while the the NSE Nifty50 index was down 24 points at 10,403.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.

Tech Mahindra, YES Bank, Ambuja Cements, UltraTech Cement and Maruti Suzuki India were the top gainers in the Nifty pack of stocks.

Source: Economic Times