Stock market update: IT shares slip; TCS down over 1%


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

Shares of Tata Consultancy Services (down 1.23 per cent), MindtreeNSE -0.86 % (down 1.03 per cent), NIIT TechnologiesNSE -0.65 % (down 0.57 per cent) and Wipro (down 0.38 per cent) were the top losers in the index.

Infosys (down 0.28 per cent), Oracle Financial Services Software (down 0.20 per cent) and Tech Mahindra (down 0.09 per cent) too were trading with losses.

The Nifty IT index was trading 0.55 per cent down at 15,408.70 around 10:09 am.

Benchmark NSE Nifty50 index was down 67.30 points at 11,263.75 while the BSE Sensex was down 168.58 points at 37,814.16.

Among the 50 stocks in the Nifty index, 11 were trading in the green, while 39 were in the red.

Shares of YES Bank, Vodafone Idea, M&M Financial, Ashok Leyland, Dish TV India, PNB, Indian Oil Corp, ZEEL, IDBI Bank and SAIL were among the most traded shares on the NSE.