Quick Wrap: Nifty IT Index registers a drop of 3.08%

Nifty IT index closed down 3.08% at 27380.55 today. The index has lost 6.00% over last one month. Among the constituents, Tata Consultancy Services Ltd fell 4.64%, HCL Technologies Ltd slipped 4.07% and Coforge Ltd dropped 2.88%. The Nifty IT index has decreased 4.00% over last one year compared to the 3.35% spike in benchmark Nifty 50 index. In other indices, Nifty Energy index increased 2.70% and Nifty Metal index added 1.97% on the day. In broad markets, the Nifty 50 is down 0.03% to close at 16216 while the SENSEX has declined 0.16% to close at 54395.23 today.

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