With three of the four major IT companies coming out with their results, the IT index was the biggest loser among the sectoral indices on the BSE this morning.
HCL Tech and TCS, which came out with their Q3 numbers yesterday that were perceived to be good, also shed value along with Wipro, which is yet to come out with its third quarter results for the current fiscal.
Infosys lost Rs 50.25 to trade around Rs 2,610 and the stock appears yet to shake out the Q3 blues. TCS, despite its strong performance, was down by Rs 36.25 or 3.28 per cent at Rs 1,068.05.
HCL Tech was relatively better, losing a mere 65 paise to trade at Rs 424.10. Wipro was trading at Rs 404.90, down by Rs 9.80.
Of the ten stocks in the IT index of the BSE, only Core Projects and Oracle Financial Services Software were trading in the green. The BSE IT index was down by 118 points at 5,517.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.