The Nifty IT index slipped over 140 points or 0.65% at 21,436.70 levels. The IT index opened at 21,480.70 and hit a low 21,367.55 on Thursday morning trade.
Among Nifty IT constituents, only three stocks were in the green while six stocks declined and one remain unchanged.
Info Edge slipped over 2.65%, Coforge, Tech Mahindra and Infosys tumbled 1% each while, TCS is down marginally.
Shares of Coforge in focus today ahead of Q2 numbers.
On the flip side, Mphasis and Mindtree surged 3%, HCL Tech, Wipro and LTI are also in the positive territory.
Meanwhile, the BSE Sensex is trading at 40,594.85 down 112.46 points or 0.28% and the Nifty50 is currently trading at 11,905.50 down 32.15 points or 0.27%.
Shares of Newgen Software Technologies gained after the company’s quarterly net profit was at Rs27.52cr in September 2020 up 745.77% from Rs3.25cr in September 2019.