Share market update: IT shares dip; Infosys down over 1%

NEW DELHI: IT shares were trading with losses in Thursday's morning session.

Shares of Tata Elxsi (down 1.48 per cent), Infosys (down 1.16 per cent), Tata Consultancy Services (down 1.01 per cent)and HCL Technologies (down 0.58 per cent) were the worst performers in the index.

Wipro (down 0.57 per cent), Oracle Financial Services Software (down 0.28 per cent)and Mindtree (down 0.03 per cent) too were trading lower.

The Nifty IT index was trading 0.69 per cent down at 16,589.30 around 10:30 am.

Benchmark NSE Nifty50 index was up 31.45 points at 11,779.60 while the BSE Sensex was up 127.49 points at 39,159.04.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.

Shares of YES Bank, Vodafone Idea, Tata Motors, Ashok Leyland, Bank of Baroda, ONGC, SAIL, JSW Steel, Indian Oil Corp and SBI were among the most traded shares on the NSE.