IT stocks extend losses into Fourth Straight Day
Shital Jibhe / 12 Jun 2017
Nifty IT index was down 0.38% at 10,403.30 at 1230 hours on Monday, extending IT stock losses into the fourth straight trading session. Except for shares of Tech Mahindra and Infosys, all other IT shares were trading down at 1230 hours IST on NSE.
Nifty IT index was down 0.38% at 10,403.30 at 1230 hours on Monday, extending IT stock losses into the fourth straight trading session. Except for shares of Tech Mahindra and Infosys, all other IT shares were trading down at 1230 hours IST on NSE.
Other Nifty IT stocks such as HCL Technologies was down 0.4% at Rs 857.25 per share, MindTree was down 0.2% at Rs 537.45 per share, Tata Elxsi was down 0.4% at Rs 1,532.95 per share, TCS was down 0.9% at Rs 2,483.30 per share, KPIT Technologies was down 1% at Rs 117 per share and Wipro was also trading lower by 2.2% at Rs 524.85 per share.
TCS and Wipro together are dragging down the BSE Information Technology index. TCS hit a low of Rs 2,472.40 so far during the day, whereas Wipro touched a low of Rs 520.25 on BSE.
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