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NEW DELHI: Most IT stocks were incurring losses in afternoon trade on Wednesday even as rupee touched its all-time low of 70.58 against the US dollar.
The Nifty IT index was trading 0.48 per cent down at 15,508.35 around 01:30 pm, with only KPIT Technologies (up 0.88 per cent), Oracle Financial Services Software (up 0.33 per cent) and Wipro (up 0.10 per cent) in the green.
Tata Elxsi (down 1.03 per cent), Infosys (down 0.96 per cent) and HCL Technologies (down 0.86 per cent) were the top losers in the IT index.
MindTree (down 0.56 per cent), Tata Consultancy Services (down 0.20 per cent), Infibeam Avenues (down 0.11 per cent) and Tech Mahindra (down 0.03 per cent) too were lacklustre.
Equity market was reflecting cautious mood ahead of August series FO expiry scheduled tomorrow amid mixed cues from other Asian bourses.
The Indian rupee touched its all-time low of 70.58 against the US dollar, hitting the risk appetite of investors.
Benchmark NSE Nifty50 index was down 26.80 points at 11,711.7, while the BSE Sensex was 72.1 points down at 38824.5.
Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.
UPL, YES Bank, ONGC, State Bank of India and Mahindra Mahindra were among the top gainers, while Coal India, Eicher Motors, IndusInd Bank, Dr.
Reddy's Laboratories and HDFC Bank were among the top losers in the Nifty pack of stocks.
