Tech Mahindra: Market Now: IT stocks up; Tech Mahindra, TCS among top gainers

NEW DELHI: IT stocks Tech Mahindra (up 1.66 per cent), Tata Elxsi (up 1.54 per cent), Tata Consultancy Services (up 1.52 per cent) and MindTree (up 1.19 per cent) were trading up in Monday’s trade, keeping the Nifty IT index in the positive zone.

The Nifty IT index was trading 0.7 per cent up at 11,302 around 11 am (IST).

Shares of Infibeam Incorporation (up 0.95 per cent), KPIT Technologies (up 0.40 per cent), HCL Technologies (up 0.33 per cent), Infosys (up 0.19 per cent) and Wipro (up 0.03 per cent) were also up around that time.

Benchmark NSE Nifty50 index was 47 points down at 10,275, while the BSE Sensex was 100 points down at 33,214.

Among the 51 stocks in the Nifty50 index, 18 were trading in the green, while 32 were in the red.

Mahindra & Mahindra, State Bank of India, Tech Mahindra, Axis Bank, Tata Consultancy Services and Ambuja Cements were among the top gainers in the Nifty50 index.

However, Aurobindo Pharma, Coal India, Bharat Petroleum Corporation, Larsen & Toubro, Bosch and Oil & Natural Gas Corporation were among the top losers.