Nifty IT index slips over 4% on profit booking; Infosys, HCL Tech tank 5%

In the month of March, the IT index has outperformed the market by surging 7.7 per cent as against a 1.3 per cent gain in the benchmark index till Wednesday

Shares of information technology (IT) companies were trading up to 5 per cent on the National Stock Exchange (NSE) in intra-day trade on Thursday on account of profit booking ahead of Accenture’s second-quarter fiscal year 2021 (FY21) results later today. Accenture is a global professional services company with leading capabilities in digital, cloud and security. The company follows a September-August financial year.

At 02:19 pm, Nifty IT index, the top loser among sectoral indices, was down 4 per cent as compared to a 1.5 per cent decline in the Nifty50 index. In the month of March, the IT index has outperformed