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Information technology stocks continued to witness selling pressure for second straight day
The domestic stock markets have opened flat, continuing with the consolidation seen in the past two trading sessions, due to profit-booking at higher levels. Weakness on Wall Street overnight also seem to have had its effect on the domestic markets. At 9:35 am, the BSE Sensex was trading at 49,392.79, lower by 198 points or 0.38 per cent and NSE Nifty was at 14,539.35, down 61.35 points or 0.40 per cent. But the broader markets were outperforming their largecap peers; the BSE Midcap index gained 19187, up 0.3 per cent and the BSE Smallcap index added 0.2 per cent at 18,936.
Information Technology Stocks Witness Profit-Booking Post Infosys Q3 Numbers Information Technology Stocks Witness Profit-Booking Post Infosys Q3 Numbers Information Technology Stocks: Infosys reported a 16.6 per cent rise in the October-December quarter profit and raised its annual revenue growth forecast, in results announcement post market hours on Wednesday.
Updated: January 14, 2021 11:57 am IST
IT Stocks: Infosys, Wipro, HCL Tech and Tech Mahindra lost 3 per cent each post Infosys Q3 numbers
Information technology stocks are witnessing intense selling pressure in today s session, post the results announcement by Infosys and Wipro post market hours on Wednesday. HCL Tech, which is due to announce its December quarter numbers on Friday, shed 3.7 per cent at Rs 1,016 on the BSE in early trading, while Infosys and Wipro lost around 3 per cent each post their Q3 numbers. Tech Mahindra also lost 3 per cent on the BSE at opening bell. At 11:10 am, Infosys was trading lower by