NEW DELHI: IT shares were trading in the red with the Nifty IT index trading 2.79 per cent down at 13,886.7 on Wednesday.

Shares of Infosys (down 3.50 per cent), Tata Consultancy Services (down 3.35 per cent), MindTree (down 3.05 per cent) and Tech Mahindra (down 2.66 per cent) were the worst performers in the index.

Tata Elxsi (down 2.52 per cent), HCL Technologies (down 2.19 per cent) and NIIT Technologies (down 1.99 per cent) were trading in the red.

Benchmark NSE Nifty50 index was down 78.40 points at 10,577.8 while BSE Sensex was 313.4 points at 35,161.11 around 11:03 am.

Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

Shares of YES Bank, Indian Oil Corp, HPCL, Idea Cellular, Bank of Baroda, ICICI Bank, Infosys, Vedanta, Ashok Leyland and Hindalco Industries were among the most traded shares on the NSE on Wednesday.