IT shares trade weak; TCS hits 3-mth low, Infosys, HCL Tech down 4% each

Shares of information technology (IT) companies were trading lower at the bourses with Tata Consultancy Services (TCS), Infosys, Tech Mahindra and HCL Technologies falling up to 4% on the National Stock Exchange (NSE).

Mindtree, Sonata Software, Mphasis, Trigyn Technologies, Larsen & Toubro Infotech, Hexaware Technologies and Mastek were down in the range of 4% to 15%. At 01:41 pm, Nifty IT index, the largest loser among sectoral indices, was down 3%, as compared to 1.6% decline in the Nifty 50 index.

The Trump administration has said it is coming out with new proposals to not only revise the