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Stock market update: Nifty IT in the red; Tech Mahindra, TCS top drag

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NEW DELHI: The Nifty IT was trading 0.36 per cent down at 16,048 around 02:30 pm on Tuesday. Tata Elxsi (down 1.97 per cent), Tech Mahindra (down 1.73 per cent) and Tata Consultancy Services (down 1.33 per cent) were the top losers in the IT index. Shares of KPIT Technologies (down 0.56 per cent), Infibeam Avenues (down 0.29 per cent) and Wipro (down 0.15 per cent) too were in the green. However, Mindtree (up 1.86 per cent), Oracle Financial Services Software (up 0.87 per cent), Infosys (up 0.58 per cent) and HCL Technologies (up 0.26 per cent) were in the green.

Benchmark NSE Nifty50 index was down 108 points at 11,330, while the BSE Sensex was 359 points down at 37,563. Among the 50 stocks in the Nifty index, 8 were trading in the green, while 42 were in the red.

Mahindra Mahindra, Bajaj Finserv, State Bank of India, Asian Paints and Infosys were among the gainers in the Nifty index. Titan Company, ITC, PowerGrid, Bharti Airtel and UPL were among the top losers in the Nifty pack of stocks.




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Category: Stock Market


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