Nifty IT index trades flat; Mindtree, Tech Mahindra stocks gain - Highlight Investment Research

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Tuesday 21 January 2020

Nifty IT index trades flat; Mindtree, Tech Mahindra stocks gain

Equity benchmark indices were trading under pressure, with the Sensex down 66 points at 41,462. The Nifty50 index was down 17 points at 12,207.
HDFC Bank, ITC, Asian Paints, Kotak Mahindra Bank and Infosys  are among the top contributors to the index loss.
The market breadth, indicating the overall health of the market, was weak on the BSE, as 694 shares rose and 997 shares fell. A total of 451 shares were unchanged.


                            


Havells, Reliance Capital, Ujjivan Small Finance Bank, Sical Logistics and Security and Intelligence Services, CG Power, Cox & Kings, DP Wires, Suven Life Sciences and Agro Phos among the other stocks that touched a 52-week low on NSE.
The Nifty IT index is trading slightly lower at 16,206.75 level. NIIT Tech gained 2%, Hexaware rose 1%, Mindtree, Tech Mahindra and TCS are marginally up.

On the flip side, Infosys dropped ~1%, followed by Tata Elxsi, Wipro, Just Dial and HCL Tech, which were trading lower on the IT index.


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