IT shares trade weak; TCS, Infosys and HCL Tech decline over 2%

MindTree, Tata Elxsi, Persistent Systems, L&T Infotech, Hexaware Techno, Mphasis, Cyient and Zensar Technologies have fallen by up to 6% in intra-day trade.

Shares of information technology (IT) companies were trading weak with Nifty IT index down by more than 2 per cent on Friday amid rise in Indian rupee against US dollar.

Tata Consultancy Services (TCS), Infosys, HCL Technologies, MindTree, Tata Elxsi and Tech Mahindra from the Nifty IT index were down more than 2 per cent on the National Stock Exchange (NSE) in the intra-day trade.

Persistent Systems, Larsen & Toubro Infotech, Hexaware Technologies, Mphasis, Cyient and Zensar Technologies fell by up to 6 per cent in intra-day trade.

Nifty IT index slipped 2.5 per cent to 13,959