Stock market update: IT shares dip; TCS down over 2%

NEW DELHI: IT shares were trading in the negative zone in Tuesday's morning session.

Shares of Tata Consultancy Services (down 2.01 per cent), Tata Elxsi (down 0.87 per cent) and Tech Mahindra (down 0.60 per cent) were trading in the red.

Infosys (down 0.21 per cent) HCL Technologies (down 0.15 per cent) and Infibeam Avenues (down 0.12 per cent) too were trading lower.

The Nifty IT index was trading 0.54 per cent down at 15,292.40 around 10:20 am.

Benchmark NSE Nifty50 index was down 68.55 points at 11,490.05 while the BSE Sensex was down 201.44 points at 38,519.13.

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

Shares of YES Bank, PNB, Vodafone Idea, Indian Oil Corp, Titan Company, Dish TV India, PFC, BEL, SAIL and REC were among the most traded shares on the NSE.