Wednesday's Bear: Nifty IT sheds over 230 points; L&T Infotech, HCL Tech, Infosys drag

The index has touched an intraday low of 21,763.80.

Nov 25, 2020 01:11 IST India Infoline News Service

Businessman sleeping with bear with down trend graph
Tech stocks were the major laggards of Wednesday's trading session, hampering overall market gains. Benchmark Sensex and Nifty touched record highs in early trade, however, have reversed trend as selloffs in IT stocks continue to extend further.

At around 1.08 pm, Nifty IT was trading at 21,828.15 down 236.15 points or 1.07%. The index has touched an intraday low of 21,763.80.

On the index, L&T Infotech was the top loser, trading at Rs3,148.15 per piece down Rs187.80 or 5.63%. While HCL Tech slumped by nearly 2% and was trading at Rs827.05 per piece.

Infosys, Tech Mahindra and Mindtree plunged by over 1% each.

Wipro also tumbled by nearly 1%. While TCS and Mphasis saw a marginal drop.

Currently, Sensex is trading at 44,439.78 down 83.24 points or 0.19%. Nifty 50 performs at 13,022.15 lower by 33 points or 0.25%.

So far today, Sensex has clocked an all-time high of 13,145.85 and Nifty a record high of 13,145.85. 

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