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IT stocks: Stock market update: Nifty IT index slips over 1%; HCL Tech sheds over 3%


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NEW DELHI: Nifty IT stocks were trading on a negative note at 02:30PM (IST) on Tuesday.
While HCL Technologies (down 3.25 per cent), Larsen & Toubro Infotech (down 2.28 per cent), Mindtree (down 1.82 per cent), Tech Mahindra (down 1.71 per cent) and Coforge (down 1.66 per cent) were the top losers in the index.
The Nifty IT index was trading 1.27 per cent down at 25903.7 around 02:30PM.
Benchmark NSE Nifty50 index was down 60.70 points at 14298.75, while the BSE Sensex was down 216.44 points at 47732.98.
Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red.
Shares of PNB, Vodafone Idea, YES Bank, Tata Motors and SBI were among the most traded shares on the NSE. ....

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ETMarkets Investors' Guide: Are pharma stocks best defensive bets in a volatile market?


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ETMarkets Investors Guide (ET Online)
Are pharma stocks best defensive bets in a volatile market?
16:05 Min | April 18, 2021, 11:36 AM IST
Hello, you have tuned into ETMarkets Investors Guide, a show about asset classes, investment ideas and market trends.
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Transcript
Hello, you have tuned into ETMarkets Investors Guide, a show about asset classes, investment ideas and market trends. I am Nikhil Agarwal.
True to its reputation as a defensive play, pharma was the only sector that ended the volatile week in the green. While Nifty ended the week 1.5 per cent lower, defensives like Nifty FMCG index lost 1.1 per cent while Nifty IT index eroded as much as 3.8 per cent of investors wealth. On the other hand, Nifty Pharma Index hit a three-month high to end 1.8 per cent higher. ....

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IT stocks: Stock market update: Nifty IT index climbs nearly 2%; Mphasis jumps nearly 6%


NEW DELHI: Nifty IT index was trading with gains at 12:21PM (IST) on Tuesday.
Shares of MPhasis (up 5.64 per cent), Coforge (up 5.06 per cent), Mindtree (up 3.22 per cent), HCL Technologies (up 2.64 per cent) and Tata Consultancy Services (up 1.9 per cent) were among the top gainers.
The Nifty IT index was trading 1.81 per cent up at 26502.8 around 12:21PM.
Benchmark NSE Nifty50 index was up 67.60 points at 14997.1, while the BSE Sensex was up 283.2 points at 50678.28.
Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red.
Shares of Vodafone Idea, PNB, Bank of Baroda, SAIL and Tata Power were among the most traded shares on the NSE. ....

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Sensex up 213 points intraday - The Hindu BusinessLine


Sensex up 213 points intraday
March 16, 2021
Nifty 50 rises 52 points; IT stocks steal the show
Benchmark indices were trading in the green during the afternoon trade on Tuesday amid positive global cues.
At 1pm, Sensex was at 50,607.75, up 212.67 points or 0.42 per cent. It opened at 50,608.42 as against the previous close of 50,395.08. It hit an intraday high of 50,857.98 and an intraday low of 50,448.98.
Asian Paints, HCL Tech, TCS, Dr Reddy and Bharti Airtel were the top gainers on the BSE Sensex, while IndusInd Bank, Mahindra & Mahindra, NTPC, Bajaj Finserv and Axis Bank were the top laggards.
Nifty 50 was at 14,981.40, up 51.90 or 0.35 per cent. It opened at 14,996.10 as against the previous close of 14,929.50. It hit an intraday high of 15,051.60 and an intraday low of 14,939.45. ....

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IT stocks in a bloodbath amid weak markets; Nifty IT dives 585 pts; TCS, Wipro dips 3%, Infosys, HCL Tech laggards too


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