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Nifty IT index extends decline for fourth day; Infosys, TCS fall up to 2%

TCS, Infosys, Wipro, NIIT Technologies, L&T Infotech, KPIT Technologies, Tata Elxsi and Sonata Software were down 1% to 2% on the NSE.

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
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Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai
Shares of information technology (IT) companies were under pressure on Friday with the Nifty  IT index falling over 1 per cent and extending its decline into the fourth straight day, after the US indices extended falls as sentiment remained fragile.

Tata Consultancy Services (TCS), Infosys, Wipro, NIIT Technologies, Larsen & Toubro Infotech, KPIT Technologies, Tata Elxsi and Sonata Software were down between 1% to 2% on the National Stock Exchange (NSE).

At 12:07 am, the Nifty IT index was down 1.3% at 14,354, as compared to a 1.2% decline in the Nifty 50 index. In past four trading days,