Quick Wrap: Nifty IT Index declines 2.32%

Nifty IT index ended down 2.32% at 41406.55 today. The index is down 2.00% over last one month. Among the constituents, Tata Consultancy Services Ltd slipped 3.05%, Mphasis Ltd dropped 2.86% and Infosys Ltd shed 2.85%. The Nifty IT index is up 29.00% over last one year compared to the 18.86% surge in benchmark Nifty 50 index. In other indices, Nifty Metal index added 1.90% and Nifty Media index is down 1.32% on the day. In broad markets, the Nifty 50 is down 0.34% to close at 23453.8 while the SENSEX is down 0.31% to close at 77339.01 today.

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