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The BSE IT Index Down 5% ; INFOSYS Among Top Losers
Tue, 22 Oct 10:40 AM

The BSE IT Index has plunged 5% to 14,934.

Among the top losers in the BSE IT Index today are INFOSYS (down 13.3%), L&T TECHONOLOGY (down 8.3%) and ZENSAR TECHNOLOGIES (down 7.7%). Other losers include 8K MILES SOFT (down 4.9%) and ALLSEC TECHNOLOGIES (down 3.9%).

GENESYS INTL. (up 14.1%) and ROLTA INDIA (up 4.9%) are among the top gainers today.

In the meantime, the NIFTY IT has plunged 3.4% to 15,085.

The top losers in the NIFTY IT include GEMINI COMM. (down 14.3%), INFOSYS (down 13.2%) and IOL NETCOM (down 8.2%). Other losers include L&T TECHONOLOGY (down 8.0%) and LCC INFOTECH (down 7.1%).

Over the last one year, the BSE IT Index has moved up from 14,296 to 14,934, registering a gain of Rs 638 (up 4.5%).

The top losers among the BSE IT during this same period were ROLTA INDIA (down 74.5%), HCL INFOSYS (down 73.1%) and 8K MILES SOFT (down 66.1%).

What about the Benchmark Indices?

Meanwhile, the BSE Sensex has plunged 0.3% to 39,426.

Among the top gainers in the BSE Sensex today are YES BANK (up 6.9%), HERO MOTOCORP (up 1.7%) and HUL (up 1.4%). Other gainers include ITC (up 1.4%) and BHARTI AIRTEL (up 1.4%).

The most traded stocks in the BSE Sensex are YES BANK and ITC.

In the meantime, the NSE Nifty is at 11,714 (down 0.1%).

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