Hexaware Tech\, Wipro: Are IT stocks a safe bet in the current market?

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Hexaware Tech, Wipro: Are IT stocks a safe bet in the current market?

On a year-to-date (YTD) basis, the Nifty IT index has outperformed the market by surging nearly 18 per cent (as of Tuesday's close) as compared to a 7 per cent fall in the benchmark Nifty50

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Buzzing stocks | Hexaware Technologies | Nifty IT stocks

Avdhut Bagkar  |  Mumbai 

Information technology (IT) stocks were trading mixed on Wednesday. The Nifty IT index was down 0.6 per cent at 18,409 levels as compared to around 1 percent fall in the Nifty50 index.

On a year-to-date (YTD) basis, the Nifty IT index has outperformed the market by surging nearly 18 per cent (as of Tuesday's close) as compared to a 7 per cent fall in the benchmark Nifty50, ACE Equity data show. Among individual stocks, Hexaware Technologies was up over 1 per cent at Rs 420 as the company's buyback offer for delisting started today. Wipro, too, was trading in the green after the ...

First Published: Wed, September 09 2020. 10:52 IST