Share market update: IT shares dip; Infibeam Avenues slips 4%

NEW DELHI: IT shares were trading lower in Monday's morning session.

Shares of Infibeam Avenues (down 4.06 per cent), Oracle Financial Services Software (down 2.69 per cent), Tata Consultancy Services (down 2.13 per cent)and HCL Technologies (down 1.98 per cent) were the worst performers in the index.

Mindtree (down 1.80 per cent), Tata Elxsi (down 1.08 per cent), Wipro (down 0.76 per cent)and Infosys (down 0.45 per cent) too were trading with losses.


The Nifty IT index was trading 1.01 per cent down at 15,656.65 around 11:23 am.

Benchmark NSE Nifty50 index was down 79.50 points at 10,644.90 while the BSE Sensex was down 259.82 points at 35,549.13.

Among the 50 stocks in the Nifty index, 10 were trading in the green, while 40 were in the red.

Shares of YES Bank, ITC, Ashok Leyland, Vedanta , ONGC, Vodafone Idea, NTPC, SAIL, SBI and Adani Ports SEZ were among the most traded shares on the NSE.