Stock Market

Stock market update: IT stocks slump; HCL Tech slides 2%

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NEW DELHI: IT stocks were in the red in Tuesday's afternoon trade. Shares of HCL Technologies (down 1.77 per cent), Tata Elxsi (down 1.62 per cent), Mindtree (down 1.13 per cent) and Tech Mahindra (down 0.83 per cent) were the top losers. Infosys (down 0.82 per cent), Wipro (down 0.77 per cent), Hexaware Technologies (down 0.52 per cent) and Tata Consultancy (down 0.5 per cent) too were trading with losses. While NIIT Technologies (up 1.0 per cent) was the only gainer in the index.

The Nifty IT index was trading 0.74 per cent down at 15,748.35 around 11:00 am.

Benchmark NSE Nifty50 index was down 17.10 points at 12,245.65, while the BSE Sensex was 68.62 points at 41,574.04.

Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red.

Shares of YES Bank, Vodafone Idea, Indiabulls Housing, Zee Entertainment, SBI, BHEL, SAIL, Tata Motors, NBCC and Bank of Baroda were among the most traded shares on the NSE.




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Category: Stock Market


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