INSUBCONTINENT EXCLUSIVE:
NEW DELHI: IT stocks were trading mixed in Monday's session after Indian rupee strengthened against the US dollar.
However, losses in
heavyweights, including Infosys (down 2.49 per cent), dragged the sectoral index down in an otherwise positive market.
The rupee on Monday
opened 32 paise higher at 69.83 against the US dollar
It was trading 33 paise up around 10:55 am.
The Nifty IT index was trading 0.66 per cent down at 15,027 around that time.
Shares of Infosys
took a beating on reports of company's CFO MD Ranganath's resignation
Ranganath, the key managerial personnel, will continue on his current role till November 16.
KPIT Technologies (down 1.80 per cent), Tata
Elxsi (down 0.68 per cent), HCL Technologies (down 0.59 per cent), Tata Consultancy Services (TCS) (down 0.24 per cent) and Tech Mahindra
(down 0.15 per cent) too found themselves among the losers
However, shares of Infibeam Avenues (up 1.81 per cent), Wipro (up 1.07 per cent), Mindtree (up 0.40 per cent) and Oracle Financial Services
Software (up 0.27 per cent) were in the green.
Indian equity market was in the positive territory amid mixed global cues
Investors were eyeing how US-China talks pan out, while keenly observing the movement of Turkish lira and Chinese yuan
Benchmark NSE Nifty50 index was up 62.90 points at 11,533.65, while the BSE Sensex was up 273.87 points at 38221.75.
Among the 50 stocks in
the Nifty index, 32 were trading in the green, while 18 were in the red
Larsen Toubro, ONGC, Tata Motors, Coal India and YES Bank were among the top gainers, while Infosys, GAIL (India), Titan Company, Eicher
Motors and UPL were among the top losers in the Nifty index.
