 "CNX IT index down over 3%, Infosys extends losses")
Shares of information technology (IT) companies were trading weak on the bourses with the National Stock Exchange (NSE) CNX IT index down over 3% dragged by Infosys after partial stake sale by promoters.
At 1427 hours, CNX IT index slipped 3.3% or 381 points at 11,156 as compared to 1% decline in the benchmark CNX Nifty. IT index hit a low of 11,136 during intra-day trade.
On BSE, S&P BSE IT index, too down 3.3% or 359 points at 10,498 after hitting low of 10,480.
Infosys, Tata Consultancy Services (TCS), HCL Technologies, KPIT Technologies, Hexaware Technologies, CMC and Mindtree were down 3-5% on NSE.
Infosys, the largest loser among IT pack, was down nearly 5% to Rs 1,968, its lowest level since October 31, on NSE after the company its founders, including Narayana Murthy, Nandan Nilekani, and their family members sold a combined nearly 33 million shares of the company through open market.
At 1427 hours, CNX IT index slipped 3.3% or 381 points at 11,156 as compared to 1% decline in the benchmark CNX Nifty. IT index hit a low of 11,136 during intra-day trade.
On BSE, S&P BSE IT index, too down 3.3% or 359 points at 10,498 after hitting low of 10,480.
Infosys, Tata Consultancy Services (TCS), HCL Technologies, KPIT Technologies, Hexaware Technologies, CMC and Mindtree were down 3-5% on NSE.
Infosys, the largest loser among IT pack, was down nearly 5% to Rs 1,968, its lowest level since October 31, on NSE after the company its founders, including Narayana Murthy, Nandan Nilekani, and their family members sold a combined nearly 33 million shares of the company through open market.
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