Shutterstock.comShares of Coforge(up 0.31 per cent) and Tata Consultancy(up 0.31 per cent) ended the day as top gainers in the pack.
On the other hand, MPhasis(down 1.35 per cent), L&T Technology(down 1.3 per cent), Infosys(down 1.13 per cent), Wipro(down 1.12 per cent) and HCL Technologies(down 1.05 per cent) finished as the top losers of the day.
The Nifty IT index closed 0.59 per cent down at 27719.95.
Benchmark NSE Nifty50 index ended down 186.8 points at 18069.0, while the BSE Sensex stood down 694.96 points at 61054.29.
Among the 50 stocks in the Nifty index, 20 ended in the green, while 30 closed in the red.
Shares of Indian Railway Finance Corporation Ltd., Suzlon Energy, Zomato Ltd., Manappuram Finance and Rail Vikas Nigam were among the most traded shares on the NSE.
Shares of Rane Eng Valve, HSIL, GE T&D India, Mohini Health & Hygi and Rail Vikas Nigam hit their fresh 52-week highs in today's trade, while MOS Utility, Viji Finance, BEML Land Assets, Party Cruisers Ltd. and Virinchi hit their fresh 52-week lows.
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- Wadias may Seek IBC Rule Waiver to Bid for Go First
The Wadia Group, which owns Go First Airlines, could seek a waiver from the Insolvency and Bankruptcy Code (IBC) rules that bar promoters from bidding for their own companies because the cash-strapped carrier’s account with banks is still marked as standard, said people with knowledge of the matter.
No Big-Bang Rejig; Will Rationalise Costs and ReinvestThe newly inducted chief of Cognizant Ravi Kumar S has a clear brief. The 48-year-old has been tasked with reviving the fortunes of the US-based software exporter that has grown slower than peers and seen an exodus of senior leaders. It is a challenge that Kumar is betting the firm can overcome with its “entrepreneurial spirit”.
D-Street Indices Climb to 2023 PeakIndia’s primary equity gauges surged nearly 1% Thursday to their highest this year, and to within a touching distance of all-time records, as Mumbai shrugged off the weakness evident in Europe and parts of Asia over continued uncertainty surrounding the US Federal Reserve's future interest-rate trajectory.
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