Business Standard

IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns

In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.

TCS, Wipro, Infosys, IT Companies

SI Reporter Mumbai
Shares of Information Technology (IT) companies continued to reel under selling pressure with frontline stocks hitting 52-week lows on the BSE in Monday’s intra-day trade amid growth concerns. Tata Consultancy Services (TCS), Infosys, Wipro and Mphasis hit their respective 52-week lows on the National Stock Exchange (NSE) today.

At 10:01 am, the Nifty IT index was down 0.98 per cent, as compared to 1.65 per cent decline in the Nifty 50. The IT index hit a 52-week low of 26,186.70, falling below its previous low of 26,189.40 touched on July 15, 2022. In the past two weeks, Nifty IT

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First Published: Sep 26 2022 | 11:08 AM IST

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