Quick Wrap: Nifty IT Index registers a drop of 2.95%

Nifty IT index closed down 2.95% at 35500.15 today. The index has added 0.00% over last one month. Among the constituents, Mphasis Ltd fell 4.72%, LTIMindtree Ltd shed 4.53% and Coforge Ltd dropped 4.37%. The Nifty IT index has decreased 16.00% over last one year compared to the 2.28% fall in benchmark Nifty 50 index. In other indices, Nifty Pharma index has slid 1.41% and Nifty Commodities index gained 0.69% on the day. In broad markets, the Nifty 50 has dropped 0.49% to close at 25202.35 while the SENSEX has declined 0.56% to close at 82159.97 today.

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