Technology stocks plunge; Reliance Communications cracks 4%

NEW DELHI: Technology sector stocks Sterlite Technologies (down 4.06 per cent), Reliance Communications (down 3.70 per cent), Bharti Infratel (down 2.81 per cent), Mahanagar Telephone Nigam (down 2.40 per cent) and MphasiS (down 1.88 per cent) were trading in the red in afternoon trade on Tuesday.

The S&P BSE TECk index was trading 0.74 per cent down at 6,062 around 3 pm (IST).

Tata Consultancy Services (down 1.68 per cent), Dish TV India (down 1.49 per cent), MindTree (down 1.47 per cent), Himachal Futuristic Communications (down 1.23 per cent), Jagran Prakashan (down 1.18 per cent), Idea Cellular (down 1.12 per cent) and Tech Mahindra (down 1.08 per cent) were also in the red.

However, shares of Inox Leisure (up 3.01 per cent), Just Dial (up 2.68 per cent), Cyient (up 0.87 per cent), Tata Communications (up 0.45 per cent), Oracle Financial Services Software (up 0.45 per cent) and HCL Technologies (up 0.12 per cent) were trading up around that time.

Benchmark NSE Nifty50 index was 25 points down at 10,200, while the BSE Sensex was 60 points down at 32,974.

Among the 51 stocks in the Nifty50 index, 20 were trading in the green, while 30 were in the red.

Reliance Industries, Bajaj Auto, Hero MotoCorp, Mahindra & Mahindra, Axis Bank, Lupin and ICICI Bank were among the gainers in the Sensex index.

On the other hand, Larsen & Toubro, Asian Paints, Tata Consultancy Services, Oil & Natural Gas Corporation, Sun Pharma and Adani Ports were among the top losers.