INSUBCONTINENT EXCLUSIVE:
NEW DELHI: IT stocks were trading mixed during morning trade on Thursday.
The Nifty IT index was trading 0.32 per cent up at 14,063 around
Shares of Infosys (up 1.95 per cent), Infibeam Incorporation (up 1.29 per cent), HCL Technologies (up 0.43 per cent), Wipro (up 0.27 per
cent) and KPIT Technologies (up 0.11 per cent) were among the gainers in the IT index.
On the other hand, Tech Mahindra (down 1.72 per
cent), Tata Elxsi (down 1.05 per cent), Mindtree (down 0.82 per cent), Oracle Financial Services Software (down 0.14 per cent) and Tata
Consultancy Services (down 0.11 per cent) were among the losers
Equity markets were appearing cautious amid weak global cues.
Asian stocks plummeted to nine-month lows on Thursday on concerns that the
approach of the US to curb Chinese investment in US technology firms may harm global economic growth, Reuters reported
Macro indicators such as rising crude oil prices and weakening rupee too hit market sentiment
The rupee on Thursday opened at an all-time low against the US dollar, breaching the 69 level for the first time.
Oil prices jumped on
Wednesday as plunging US crude stockpiles compounded supply worries in a market already uncertain about Libyan export, Reuters reported
Benchmark NSE Nifty50 index was down 6 points at 10,666, while the BSE Sensex was up 36 points at 35,253.
Among the 50 stocks in the Nifty
index, 22 were trading in the green, while 28 were in the red.
