Stock Market

Stock market update: IT stocks mixed amid a fresh fall in rupee; Infosys, TCS among losers

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NEW DELHI: IT stocks were trading mixed during afternoon trade on Thursday amid a fresh rise in Indian rupee. At the time of writing this report, the rupee was trading up by 20 paise. Infosys (down 2.01 per cent), Tata Elxsi (down 1.65 per cent), Tech Mahindra (down 0.90 per cent) and Tata Consultancy Services (down 0.53 per cent) were incurring losses. The Nifty IT index was trading 0.34 per cent down at 14,486 around 02:40 pm.

However, shares of Infibeam Incorporation (up 2.44 per cent), HCL Technologies (up 1.40 per cent), Mindtree (up 1.34 per cent), KPIT Technologies (up 1.27 per cent) and Wipro (up 1.25 per cent) were up.

Equity markets were up on gains in oil gas, bank, financial and FMCG stocks amid firm global cues. Benchmark NSE Nifty50 index was up 92 points at 11,041, while the BSE Sensex was up 342 points at 36,608.

Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red.

Reliance Industries, BPCL, Bajaj Finance, Dr.

Reddy's Laboratories and Bajaj Finserv were among the top gainers in the Nifty index. On the other hand, UPL, Vedanta, Mahindra Mahindra and Bajaj Auto were among the top losers in the Nifty pack of stocks.




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Category: Stock Market


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