Markets touch all-time high, but IT drags

DSIJ Intelligence / 10 May 2017

Markets touch all-time high, but IT drags

While the major indices in the market are now trading at their fresh highs and market's sentiments are filled with the bullish undertone Sensex touching yet again its all-time high, IT pack has been losing its real charm in the market today.

The BSE Information Technology pack is the only loser index among the sectoral indices on BSE on Wednesday during the first session of the market. The major stocks in the index, TCS, Wipro and HCL Technologies are simply bringing down the index.

While the major indices in the market are now trading at their fresh highs and market's sentiments are filled with the bullish undertone Sensex touching yet again its all-time high, IT pack has been losing its real charm in the market today.

While TCS stock is trading at Rs 2337 per share down by 0.66% at 1200 hours, another biggies, Wipro is trading lower by 0.86% at Rs 504.35 per share and HCL is trading at Rs 841.9 per share down by 0.5%.

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