Share market update: IT shares crack; Infibeam Avenues plunges 7%

NEW DELHI: IT shares were trading in the negative zone with the Nifty IT index down 0.88 per cent at 14,534.45 on Monday.

Shares of Infibeam Avenues (down 7.20 per cent), Oracle Financial Services Software (down 3.06 per cent), Tata Elxsi (down 1.99 per cent)and MindTree (down 1.72 per cent) were trading in the red.

Infosys (down 1.65 per cent), NIIT Technologies (down 1.57 per cent), HCL Technologies (down 1.39 per cent)and Wipro (down 1.26 per cent) too were the worst performers in the index.


Benchmark NSE Nifty50 index was down 164.45 points at 10,529.25 while BSE Sensex was down 542.51 points at 35,130.74.

Among the 50 stocks in the Nifty index, 9 were trading in the green, while 41 were in the red.

Shares of Indian Oil Corp, YES Bank, ONGC, Sun Pharma, NTPC, Ashok Leyland, Kotak Bank, BEL, Coal India and Idea Cellular were among the most traded shares on the NSE on Monday.