Information Technology tumble

Information Technology stocks were trading in red, with the S&P BSE IT Sector index decreasing 441 points or 3.17% at 13459.29 at 13:53 IST.

Among the components of the S&P BSE IT Sector index, Majesco Ltd (down 4.9%), Infosys Ltd (down 4.74%),NIIT Technologies Ltd (down 4.5%),Tech Mahindra Ltd (down 4.48%),Quick Heal Technologies Ltd (down 3.6%), were the top losers. Among the other losers were Mindtree Ltd (down 3.45%), Intellect Design Arena Ltd (down 3.16%), Infibeam Avenues Ltd (down 3.08%), eClerx Services Ltd (down 3.01%), and Cerebra Integrated Technologies Ltd (down 3.01%).

On the other hand, Subex Ltd (up 4.97%), 3i Infotech Ltd (up 4.94%), and Kellton Tech Solutions Ltd (up 3.94%) turned up.

At 13:53 IST, the S&P BSE Sensex was down 685.1 or 2.14% at 31323.51.

The Nifty 50 index was down 201.45 points or 2.15% at 9182.1.

The S&P BSE Small-Cap index was down 56.1 points or 0.52% at 10718.33.

The S&P BSE 150 Midcap Index index was down 12.03 points or 0.32% at 3805.59.

On BSE,884 shares were trading in green, 1254 were trading in red and 142 were unchanged.

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