Shares of information technology (IT) companies are under pressure falling up to 5% on the bourses on profit booking.
HCL Technologies, Wipro, Tata Consultancy Services (TCS) and Polaris Financial Technology are down 3-5% on the Bombay Stock Exchange (BSE).
The BSE IT index the largest loser among sector indices was down nearly 2% or 143 points at 8,322 points compared to 0.16% fall in benchmark S&P BSE Sensex at 1520 hours.
IT index hit low of 8,290 during intra-day trades, has decline 5.4% from its 52-week high of 8,765 touched on October 15 this year.
HCL Technologies, Wipro, Tata Consultancy Services (TCS) and Polaris Financial Technology are down 3-5% on the Bombay Stock Exchange (BSE).
The BSE IT index the largest loser among sector indices was down nearly 2% or 143 points at 8,322 points compared to 0.16% fall in benchmark S&P BSE Sensex at 1520 hours.
IT index hit low of 8,290 during intra-day trades, has decline 5.4% from its 52-week high of 8,765 touched on October 15 this year.
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