INFORMATION TECHNOLOGY STOCKS FALL OVER 5% ON BSE

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Information technology stocks bore the brunt of sinking markets, falling by over 5% on the Bombay Stock Exchange. It index slipped 5.43% to settle at 2,780.19 points, after it touched the day’s low of 2,753.53 on BSE. Reflecting the fall in IT index, TCS fell 8.46% to close at Rs 542.05. The scrip had touched an intra-day low of Rs 535, down 9.65% and over 3.10 lakh shares changed hands on BSE. Infosys plunged by around 5% to settle at Rs 1,331.25. It had touched an intra-day low of Rs 1,309.50 during the day’s trade. Satyam Computer Services closed the day at Rs 272.35, down 5.76%. The scrip touched an intra-day low of Rs 266.75 and over 5.60 lakh shares got traded on BSE. Further, scrip of Wipro touched a day’s low of Rs 271.50 before settling 5.14% down at Rs 276.90 on BSE.

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