Amidst a market rally on Wednesday, shares of major IT companies like TCS, Infosys, Wipro, and Tech Mahindra saw a decline.
On Wednesday, the Indian stock market started on a strong note, with the BSE Sensex opening up by 137.82 points and the NSE Nifty-50 by 33 points.
However, amidst this bullish environment, shares of major IT sector companies showed a downward trend.
The losing stocks on the Nifty-50 today mainly included IT companies. Shares of TCS, Infosys, Wipro, and Tech Mahindra registered a fall.
Additionally, pressure was also seen on the shares of Hindalco Industries, a company in the Metals & Mining sector.
At 9:24 AM, TCS shares were seen trading down by 0.96%.
It was trading at ₹2,167.60, down by ₹21.
In the last 1 week, this stock has given a return of 5.32%, while in 1 month, it has given a return of 0.23%. However, in 1 year, the stock has given a negative return of -33.27%.
At 9:29 AM, Infosys shares were trading down by 0.66%.
It was trading at ₹1,085.70, down by ₹7.20.
This stock has given a return of 1.56% in the last 1 week. Meanwhile, it has given a negative return of -4.31% in 1 month and -31.51% in 1 year.
At 9:33 AM, Wipro shares registered a decline of 0.45%.
It was trading at ₹176.35, down by ₹0.79.
In the last 1 week, this stock has given a return of 2.08%. In 1 month, the stock has given a negative return of -2.80% and -31.50% in 1 year.
At 9:37 AM, Tech Mahindra shares were trading down by 0.49%.
It was trading at ₹1,477, down by ₹7.30.
This stock has given a positive return of 3.47% in the last 1 week and 3.70% in 1 month. However, it has given a negative return of -6.37% in 1 year.
A fall was also seen in the shares of the metals sector company, Hindalco.
At 9:40 AM, Hindalco's share was trading down by 1.12%.
It was trading at ₹963.40, down by ₹10.90.
This stock has given a negative return of -0.83% in the last 1 week and -4.96% in 1 month, but has given a strong return of 43.64% in 1 year.
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