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

IT-getty

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

Shares of Tata Consultancy Services (down 1.68 per cent), HCL TechnologiesNSE 1.53 % (down 0.99 per cent), MindtreeNSE 0.79 % (down 0.91 per cent) and Wipro (down 0.88 per cent) were the top losers in the index.

Tech Mahindra (down 0.83 per cent), Tata Elxsi (down 0.80 per cent) and NIIT Technologies (down 0.06 per cent) too were trading with losses.

The Nifty IT index was trading 0.62 per cent down at 15,564.35 around 10:08 am.

Benchmark NSE Nifty50 index was up 38.55 points at 11,626.90 while the BSE Sensex was up 125.45 points at 39,022.16.

Among the 50 stocks in the Nifty index, 36 were trading in the green, while 14 were in the red.

Shares of YES Bank, Dish TV India, Ashok Leyland, Vodafone Idea, Indiabulls Housing Finance, SAIL, Tata Motors, Bank of Baroda, PNB and SBI were among the most traded shares on the NSE.

[“source=economictimes.indiatimes”]