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Market Wrap, Feb 22: Here's all that happened in the markets today

Read more about Market Wrap, Feb 22: Here s all that happened in the markets today on Business Standard. Indices were painted in the red for the fifth consecutive session as weak global cues, rising bond yields, and fears of Covid-19-led lockdown came to haunt the bulls on the Street ....

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Information Technology shares slide


Information Technology stocks were trading with losses, with the S&P BSE IT Sector index falling 77.94 points or 0.3% at 25895.84 at 13:48 IST.
Among the components of the S&P BSE IT Sector index, 63 Moons Technologies Ltd (down 2.55%), Ramco Systems Ltd (down 1.79%),KPIT Technologies Ltd (down 1.44%),Tata Consultancy Services Ltd (down 1.3%),Aptech Ltd (down 1.29%), were the top losers. Among the other losers were Sonata Software Ltd (down 1.11%), eClerx Services Ltd (down 1.1%), Tanla Platforms Ltd (down 1.08%), Quick Heal Technologies Ltd (down 1.05%), and Hinduja Global Solutions Ltd (down 0.99%).
On the other hand, Majesco Ltd (up 4.98%), TVS Electronics Ltd (up 4.91%), and NIIT Ltd (up 4.28%) moved up. ....

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Information Technology shares rise


Information Technology stocks were trading with gains, with the S&P BSE IT Sector index rising 410.88 points or 1.59% at 26274.38 at 09:48 IST.
Among the components of the S&P BSE IT Sector index, Majesco Ltd (up 4.99%), 3i Infotech Ltd (up 4.98%),Wipro Ltd (up 2.8%),Tanla Platforms Ltd (up 2.69%),Mastek Ltd (up 2.66%), were the top gainers. Among the other gainers were D-Link India Ltd (up 2.35%), Tech Mahindra Ltd (up 2.2%), NELCO Ltd (up 2.17%), Infosys Ltd (up 2.16%), and Cigniti Technologies Ltd (up 2.12%).
On the other hand, TVS Electronics Ltd (down 3.47%), Brightcom Group Ltd (down 3.21%), and Indiamart Intermesh Ltd (down 1.84%) moved lower.
At 09:48 IST, the S&P BSE Sensex was up 95.88 or 0.19% at 51627.4. ....

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Majesco Ltd Surges 4.99%


Majesco Ltd has added 175.32% over last one month compared to 3% fall in S&P BSE IT Sector index and 4.38% rise in the SENSEX
Majesco Ltd gained 4.99% today to trade at Rs 65.25. The S&P BSE IT Sector index is up 0.82% to quote at 26075.5. The index is down 3 % over last one month. Among the other constituents of the index, 3i Infotech Ltd increased 4.98% and Tanla Platforms Ltd added 2.9% on the day. The S&P BSE IT Sector index went up 59.27 % over last one year compared to the 24.61% surge in benchmark SENSEX.
Majesco Ltd has added 175.32% over last one month compared to 3% fall in S&P BSE IT Sector index and 4.38% rise in the SENSEX. On the BSE, 18563 shares were traded in the counter so far compared with average daily volumes of 1.43 lakh shares in the past one month. The stock hit a record high of Rs 1019 on 15 Dec 2020. The stock hit a 52-week low of Rs 12.2 on 23 Dec 2020. ....

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