IT, ITeS stocks trade mixed on reports of Rs 10,000 cr service tax demand

The service tax department has sent notices to about 200 IT and ITeS companies so far, the report claimed

Shares of Information Technology (IT) and IT-enabled services (ITeS) companies such as Infosys, TCS, and Mindtree were trading mixed on Thursday following news reports that the tax department has demanded from them the service tax worth nearly Rs 10,000 crore. 

Although the Nifty IT (up 1%) index was the leading sectoral gainer in the noon trade, most of the gains came from Infosys (up 2%), KPII (up 3%) and Tech Mahindra (up 2%). Mindtree, Wipro and Oracle Financial Services Software lost up to 1% on the National Stock Exchange (NSE).

An Economic Times report claimed that the service tax department has sent