Nifty IT steady amid fragile markets; Tech Mahindra leads modest gains

TCS, Infosys, HCL Tech, and Wipro trading in the green. Oracle declined over 3% while Mphasis was down over 2.5%.

Jun 17, 2021 02:06 IST India Infoline News Service

The Nifty IT Index was trading higher, resisting the selling pressure in overall markets on Thursday. The IT index maintained subdued gains throughout the day with Tech Mahindra, TCS, Infosys, HCL Tech, and Wipro trading in the green.

Oracle Financial Services Software Limited sank over 3% while Mphasis was 2.5% down. Larsen & Turbo Infotech was also under pressure.

The sector along with FMCG stocks continued to buck the market trend like Wednesday.

At around 2.10 PM, Nifty IT was trading at 28,486.80 up 37.95 points or 0.13%, touching a high of 28,563.60 and low of 28,343.05 during intraday trade on Thursday.

Meanwhile, BSE Sensex was trading at 52,259.59 down 242.39 points or 0.46% and Nifty50 at 15,683.05 down 84.50 points or 0.54%.

Tech Mahindra surged over 0.6% while TCS and Infosys advanced 0.5% each. HCL Tech and Wipro were also trading marginally higher.

On the flip side, Oracle declined over 3% at Rs3,586.55 per piece, while Mphasis shed over 2.5% at Rs,047.45 per piece. LTI was down over 1%. Coforge and Mindtree were also trading lower.

Related Story

Open Free Demat Account (Rs699)