Stock market update: IT shares dip; HCL Tech down nearly 2%


NEW DELHI: IT shares were trading with losses in Monday’s morning session.

Shares of HCL Technologies (down 1.65 per cent), Tech MahindraNSE -1.07 % (down 1.25 per cent), MindTreeNSE -0.87 % (down 0.90 per cent) and Infosys (down 0.90 per cent) were the worst performers in the index.

Oracle Financial Services Software (down 0.54 per cent), Tata Consultancy Services (down 0.37 per cent) and Infibeam Avenues (down 0.25 per cent) too were trading in the red.

The Nifty IT index was trading 0.64 per cent down at 15,931.55 around 10:01 am.

Benchmark NSE Nifty50 index was down 18.75 points at 10,927.45 while the BSE Sensex was down 62.45 points at 36,919.32.

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

Shares of YES Bank, Tata Motors, Equitas Holdings, Ashok Leyland, JSPL, Vodafone Idea, NBCC, SAIL, PNB and Indiabulls Housing Finance were among the most traded shares on the NSE.