Shares of eight IT companies were down by 0.36% to 2.67% at 12:09 IST on BSE amid profit booking after five-day rising streak.
TCS (down 1.91%), Infosys (down 1.05%), HCL Technologies (down 2.09%), Oracle Financial Services Software (down 0.56%), Tech Mahindra (down 0.36%), MindTree (down 1.14%), Hexaware Technologies (down 2.67%) and Mphasis (down 0.69%) declined.
Wipro rose 1.24% to Rs 294.90 after the company fixed 21 June 2019, as the record date for the proposed buyback of shares. Wipro plans to buyback up to 32.30 crore fully paid-up equity shares of Rs 2 each, representing up to 5.35% of the total paid-up equity share capital of the company, at a price of Rs 325 per share, for an aggregate amount of up to Rs 10500 crore. The announcement was made after market hours yesterday, 3 June 2019.
The S&P BSE Sensex was down 167.97 points or 0.42% at 40,099.65. The S&P BSE IT index was down 1.19% to 15,785, underperforming the Sensex.
The BSE IT index jumped 5.71% in past five trading sessions to 15,975.31 on 3 June 2019, from its recent low of 15,111.84 on 27 May 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app