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Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows

1 source · first seen 13:44 29 Sept · updated 13:44 29 Sept

The brief

Written from 1 report · check the source before you trade
  • Nifty IT fell over 11% in September, versus a 6% decline in the Nifty 50
  • Weakness weighs on Indian IT services stocks, including Infosys, Wipro and Tata Elxsi

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Part of a developing story2 updates over 2 days

September losses in Indian IT stocks

Nifty IT fell more than 11% in September, compared with a 6% decline in the Nifty 50. Infosys, Wipro and Tata Elxsi traded at 52-week lows; Citi cut its TCS target price and maintained a Sell rating.

Tuesday, 29 September

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    Nifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows

Monday, 28 September

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1 report · earliest 13:44
Business StandardNifty IT cracks 11% in Sept; Infy, Wipro, Tata Elxsi trade at 52-week lows13:44