IT stocks underperform; TCS, Infosys slip 3% each

The Nifty IT index was trading 1.75 per cent lower at 15,100, with 5 constituents in the green and rest five in the red.

Shares of IT companies slipped in the intraday trade on Wednesday as the rupee recovered from all-time lows. 

At 12:13 am, shares of TCS were trading two per cent lower at Rs 2,050 a piece on BSE. The stock dropped as much as 2.87 per cent to Rs 2,030 during the trade. On similar lines, Infosys was down over two and a half per cent at Rs 698.75. HCL Tech was trading at Rs 1,045.50, down 2 per cent. 

In the sectoral landscape, the Nifty IT index was the sole loser on NSE. At the time of writing this report,