Market Now: Wipro, Infosys, TCS drag Nifty IT index down

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NEW DELHI: Losses in Wipro (down 1.69 per cent), Tata Consultancy Services (down 1.13 per cent) and Infosys (down 1.06 per cent) were keeping the IT index down during Tuesday’s trade.

The Nifty IT index was trading 0.71 per cent down at 13,110 around 12:20 pm (IST).

Shares of Tech Mahindra (down 0.94 per cent), Infibeam Incorporation (down 0.91 per cent) and Oracle Financial Services Software (down 0.31 per cent) were also down around that time.

However, shares of MindTree (up 0.83 per cent), HCL Technologies (up 0.76 per cent) and Tata Elxsi (up 0.21 per cent) were in the green.

Equity benchmarks turned flat, erasing the gains of the early session, on selling in select IT, auto and bank stocks.

The NSE Nifty50 index was down 10 points at 10,518, while the BSE Sensex was 11 points down at 34,295.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red.

Power Grid, NTPC, Hindalco, Hindustan Unilever and Mahindra & Mahindra were among the top gainers in the Nifty index.

However, Wipro, Tata Motors, Sun Pharma, Axis Bank and Bharti Infratel were among the top losers in the Nifty pack.

Source: Economic Times