Quick Wrap: Nifty IT Index registers a drop of 2.00%

Nifty IT index closed down 2.00% at 27956.45 today. The index has lost 7.00% over last one month. Among the constituents, Tata Consultancy Services Ltd dropped 3.01%, Tech Mahindra Ltd shed 2.52% and Persistent Systems Ltd slipped 1.97%. The Nifty IT index has decreased 26.00% over last one year compared to the 0.64% spike in benchmark Nifty 50 index. In other indices, Nifty Media index has slid 1.45% and Nifty Services Sector index has dropped 1.27% on the day. In broad markets, the Nifty 50 has dropped 0.74% to close at 17859.45 while the SENSEX has slid 0.75% to close at 59900.37 today.

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