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IT shares trade weak; TCS, Infosys down over 2%

At 10:51 am; the Nifty IT index was down 1.2% falling nearly 3% from its early morning high

SI Reporter  |  Mumbai 

Shares of information technology (IT) companies were trading weak, falling by up to 3% on the National Stock Exchange (NSE) after the sector majors Tata Consultancy Services (TCS) and Infosys declared their October-December quarter (Q3FY17) results. At 10:51 am; TCS was down nearly 4% to Rs 2,261, while Infosys down 2% at Rs 978 as compared to 1.2% decline in the Nifty IT index and 0.10% fall in the benchmark Nifty 50. The IT index has fallen nearly 3% from its early morning high. HCL Technologies, Wipro and Tata Exlsi were down less than 1% each. However, Tech Mahindra was up ...

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