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Share market update: IT stocks suffer; Wipro, Infosys among top losers

The Nifty IT was trading 0.67 per cent down at 14,421 around that time with Tech Mahindra (up 0.67 per cent) as the solitary gainer.

ETMarkets.com|
Updated: Jul 30, 2018, 11.34 AM IST
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Share market update: IT stocks suffer; Wipro, Infosys among top losers
Wipro, Grasim Industries, Eicher Motors, HDFC Bank and Larsen & Toubro were leading among Nifty losers.
NEW DELHI: Most IT stocks were incurring losses in Monday's trading session even as the Indian rupee opened weaker against the US dollar today.

Around 11:25 am, the rupee was trading down by 8 paise.

The Nifty IT was trading 0.67 per cent down at 14,421 around that time with Tech Mahindra (up 0.67 per cent) as the solitary gainer.

Infibeam Incorporation (down 2.73 per cent), Wipro (down 1.71 per cent), Mindtree (down 1.52 per cent), Infosys (down 1.05 per cent), Tata Elxsi (down 0.98 per cent), KPIT Technologies (down 0.89 per cent), HCL Technologies (down 0.80 per cent), Oracle Financial Services Software (down 0.61 per cent) and Tata Consultancy Services (down 0.23 per cent) were losing in trade.

Benchmark NSE Nifty50 index was up 7 points at 11,285, while the BSE Sensex was up 35 points at 37,372.

Equity benchmarks were trading almost flat ahead of RBI policy meet.

Global cues too were subdued ahead of key central bank, including Bank of Japan and the Federal Reserve meetings, scheduled this week.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

Wipro, Grasim Industries, Eicher Motors, HDFC Bank and Larsen & Toubro were leading among Nifty losers.

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