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TCS, Tech Mahindra, HCL Tech keep Nifty IT index down

NEW DELHI: Losses in Tata Consultancy Services (down 1.72 per cent), Tata Elxsi (down 1.70 per cent), Tech Mahindra (down 0.79 per cent) and HCL Technologies (down 0.18 per cent) weighed on Nifty IT index on Monday.

The Nifty IT index closed Monday's session 0.21 per cent down at 13,425.

However, shares of Wipro (up 1.80 per cent), Oracle Financial Services Software (up 1.50 per cent), Infosys (up 0.84 per cent), Mindtree (up 0.47 per cent), Infibeam Incorporation (up 0.18 per cent) and KPIT Technologies (up 0.16 per cent) closed the day with gains.

The Nifty50 index closed 97 points, or 0.92 per cent, up at 10,715.50, with 37 stocks advancing and 13 declining.

The Sensex added 293 points, or 0.84 per cent, to settle at 35,208. In the index, 24 stocks closed in the green, while 7 in the red.

The overall market breadth remained positive as 1,390 stocks closed the day with gains, compared with 1,286 stocks that suffered losses.

Shares of GAIL, Mahindra & Mahindra, ICICI Bank and Axis Bank remained the top gainers in the Nifty index on Monday.

Lupin, Dr. Reddy's Labs, Tata Consultancy Services, Coal India, Cipla and Sun Pharma remained the top losers in the Nifty pack of stocks.

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