Share market update: IT shares down; Tech Mahindra dips 1%

NEW DELHI: IT shares were trading lower in Wednesday's morning session.

Shares of Tech Mahindra (down 0.92 per cent) , MindTree (down 0.74 per cent) and Wipro (down 0.37 per cent) were the top losers in the index.

Tata Elxsi (down 0.19 per cent) , NIIT Technologies (down 0.10 per cent) and Tata Consultancy Services (down 0.05 per cent) too were trading lower.

The Nifty IT index was trading 0.04 per cent down at 15,351.05 around 10:38 am.

Benchmark NSE Nifty50 index was up 47.10 points at 11,530.35 while the BSE Sensex was up 186.33 points at 38,419.74.

Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.

Shares of YES Bank, ICICI Prudential Life Insurance Company, SBI, Ashok Leyland, NTPC, SAIL, Indiabulls Housing Finance, Bank of Baroda and ICICI Bank were among the most traded shares on the NSE.