Quick Wrap: Nifty IT Index declines 2.24%, NIFTY Tumbles 1.11%

Nifty IT index ended down 2.24% at 26362.8 today. The index is up 15.00% over last one month. Among the constituents, Tech Mahindra Ltd slipped 4.30%, HCL Technologies Ltd fell 3.69% and Coforge Ltd shed 3.52%. The Nifty IT index is up 61.00% over last one year compared to the 16.82% surge in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index is down 2.06% and Nifty PSE index has slid 1.99% on the day. In broad markets, the Nifty 50 has declined 1.11% to close at 14433.7 while the SENSEX is down 1.11% to close at 49034.67 today.

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