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IT stocks slide after Wipro's weak Q4 show; TCS slips 2% ahead of results

Infosys was trading nearly 4 per cent lower at Rs 614.75 while Tech Mahindra was down over 3 per cent

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Among midcaps, Mindtree was down nearly 3 per cent at Rs 749.55.

Shares of information technology (IT) companies were trading in the negative territory on Thursday, a day after Wipro posted muted growth in its revenue and profit numbers for the fourth quarter of the last financial year, as the ongoing Covid-19 crisis created disruption in both the operation and demand fronts. Even growth in top line remained weak for the entire FY20. At 09:37 am, the Nifty IT index was trading 2.57 per cent lower at 12,375.70 levels with 9 out of 10 constituents trading in the red. While Wipro was trading 0.72 per cent lower at Rs 185.20 apiece, other IT firms ...