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Stock market update: IT shares down; NIIT Tech slips over 4%

NEW DELHI: IT shares were trading with losses in Friday’s morning session.

Shares of NIIT Technologies (down 4.11 per cent), Mindtree (down 3.06 per cent), Tata Elxsi (down 1.55 per cent) and Wipro (down 1.55 per cent) were the top losers in the index.

Tech Mahindra (down 1.38 per cent), Infibeam Avenues (down 1.16 per cent), Tata Consultancy Services (down 1.14 per cent) and HCL Technologies (down 1.13 per cent) too were trading with losses.

The Nifty IT index was trading 1.33 per cent down at 15,260.55 around 10:07 am.

Benchmark NSE Nifty50 index was down 58.25 points at 10,971.15 while the BSE Sensex was down 185.30 points at 37,126.23.

Among the 50 stocks in the Nifty index, 17 were trading in the green, while 32 were in the red.

Shares of Vodafone Idea, YES Bank, Tata Motors, IDBI Bank, JSPL, Ashok Leyland, SAIL, Dish TV India and Bank of Baroda were among the most traded securities on the NSE.

Source: Economic Times