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Nifty IT slips over 3% on profit booking; HCL Tech, Mindtree down over 5%

Oct 17, 2020 - ICT Monitor Worldwide

Shares of information technology (IT) companies came under selling pressure on Thursday, with Nifty IT and S&P BSE IT indices slipping over 3 per cent on profit booking.

HCL Technologies, Mindtree, and Persistent Systems were down more than 5 per cent each at the bourses. Tech Mahindra, Mphasis, and Coforge were down 4 per cent, while Infosys, Wipro, Tata Consultancy Services (TCS), and Larsen & Toubro Infotech were down between 2 per cent and 3 per cent.

At 02:26 pm, Nifty IT and S&...