Nifty IT index volatile; Tech Mahindra, MindTree slip

NEW DELHI: IT majors Tech Mahindra (down 1.31 per cent), MindTree (down 0.81 per cent), Tata Elxsi (down 0.33 per cent) and Wipro (down 0.13 per cent) were trading lower in Tuesday’s early trade, causing Nifty IT index turn volatile.

The Nifty IT index was trading 0.05 per cent down at 10,455 at 10.42 am (IST), while benchmark Nifty50 index was 40 points higher at 10,046 and Sensex was 138 points up at 32,020.

On the other hand, Just Dial (up 0.69 per cent), KPIT Technologies (up 0.35 per cent), Infosys (up 0.28 per cent) and Tata Consultancy Services (up 0.24 per cent) were the gainers of the IT index.

The overall market appeared positive, backed by firm Asian cues.

Metal, FMCG and pharma stocks were most buzzing stocks.

Tata Steel, Hindustan Unilever, Sun Pharma, ITC and Asian Paints were the top gainers in the Sensex kitty.

However, Coal India, Cipla, Oil & Natural Gas Corporation, Dr Reddy’s, Bharti Airtel and Bajaj Auto were the top losers.

In the Nifty50 pack, 36 stocks were trading in the green, while 14 stocks were in red.

On BSE, 1,279 stocks were advancing whereas 847 stocks were lagging.


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