NEW DELHI: Most IT stocks were suffering major losses during Wednesday's session amid a slight recovery in Indian rupee against the US dollar.
The Nifty IT was trading 1.76 per cent down at 15,950 around 02:20 pm.
The rupee was trading 4 paise higher at that time.
Barring Infibeam Avenues (up 0.70 per cent), all stocks in the IT index was in the red.
KPIT Technologies (down 7.68 per cent) was the top loser of the pack, followed by Tata Elxsi (down 3.40 per cent), Oracle Financial Services Software (down 2.78 per cent), HCL Technologies (down 2.36 per cent) and Wipro (down 2.24 per cent).Tata Consultancy Services (down 1.66 per cent), Mindtree (down 1.62 per cent), Tech Mahindra (down 1.29 per cent) and Infosys (down 1.27 per cent) also suffered significant losses.
Benchmark NSE Nifty50 index was down 25 points at 11,042, while the BSE Sensex was 135 points down at 36,517.
Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.
Indiabulls Housing Finance, Vedanta, UPL, GAIL (India) and Titan Company were among the top gainers in the Nifty index.Bharti Infratel, ITC, Tata Motors, HCL Technologies and State Bank of India were among the top losers in the Nifty pack of stocks.