Business Standard

Nifty IT index tumbles over 5%; Tech Mahindra, NIIT Tech among top losers

In the past one week, shares of most IT companies have slipped amid rapid spread of coronavirus. Tata Elxsi, Mindtree, HCL Technologies, and Wipro have plunged in the range of 6-8 per cent.

hare brokers react to falling stock prices on screens of computers and television
Premium

Swati Verma New Delhi
Equity market was deep in the red on Friday, in line with global peers, as the rapid spread of coronavirus spooked investor sentiment. Information Technology (IT) shares were among the most hammered lot as the Nifty IT index slipped over 5 per cent or over 850 points to 15,274 levels. 

Index constituents Tech Mahindra, NIIT Tech, HCL Tech, Infosys, and Tata Elxsi slipped up to 11 per cent. In comparison, the benchmark Nifty ended at 11,201 level, down 432 points or 3.7 per cent. 

In the past one week, shares of most IT companies have slipped amid rapid spread of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2020 | 10:18 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com