Stock market update: IT shares edge lower; NIIT Tech falls over 1%

NEW DELHI: Most of the IT stocks were in the red on Tuesday's afternoon trade.

Shares of NIIT Technologies (down 1.30 per cent), Infosys (down 1.20 per cent), MindTree (down 1.03 per cent), Tata Consultancy Services (down 0.83 per cent), Infibeam Avenues (down 0.77 per cent), HCL Technologies (down 0.38 per cent) were among the top losers in the index.

While Tech Mahindra (up 0.12 per cent), Wipro (up 0.12 per cent), Oracle Financial Services Software (up 0.02 per cent) were among the top gainers.


The Nifty IT index was trading 0.65 per cent down at 15,490.55 around 10:58 am.

Benchmark NSE Nifty50 index was down 1.30 points at 11,940.0, while BSE Sensex was up 20.93 points at 40,322.89.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

Shares of YES Bank, Vodafone Idea, JSPL, SBI, Indiabulls Housing, PNB, Bank of Baroda, SAIL, BEL and Tata Motors were among the most traded securities on the NSE.