Budget 2018: IT stocks mixed after FM's digital push in education sector

TCS (up 1.27%), HCL Technologies (up 0.6%), Persistent Systems (up 0.06%) and Tech Mahindra (up 0.03%) edged higher

Image
Capital Market
Last Updated : Feb 01 2018 | 1:02 PM IST

Finance Minister Arun Jaitley presented the Union Budget of 2018 on Thursday. 

IT stocks traded mixed at 11:58 IST on BSE after the finance minister Arun Jaitley in his Budget speech said that technology will be the biggest driver in improving the quality of education.

TCS (up 1.27%), HCL Technologies (up 0.6%), Persistent Systems (up 0.06%) and Tech Mahindra (up 0.03%) edged higher. Infosys (down 1.42%), Wipro (down 0.13%) and Oracle Financial Services Software (down 0.06%) edged lower.

ALSO READ: Budget 2018: Exports are likely to expand by 15% in FY18, says FM

Meanwhile, the S&P BSE Sensex was up 135.11 points or 0.38% at 36,100.13.

Jaitley, in his Budget speech for FY 2019, said that the government proposes to increase the digital intensity in education and move gradually from blackboard to digital board.

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Feb 01 2018 | 12:49 PM IST

Next Story