As the Indian indices mark look to mark a return to the opulence of gains, after a period of continuous decline, the Nifty It sectoral index stood out.
The tech index is one of the few key sectoral indices to decline in the day's trade on Wednesday, March 19. The index, at the time of writing, saw its losses widen to 1.89 per cent or about 690.45 points. This took the overall index to 35,928.90 points.
Coforge Ltd
Major IT stocks saw their value decline in the intraday trade on Wednesday. The Noida-based Coforge was one of the biggest loser among the IT stocks.
The company shares decline by 2.22 per cent or Rs 167.85, taking the overall value of the company shares to Rs 7,398.15.
Tata Consultancy Services Ltd
Tata Consultancy Services or TCS, one of the biggest names in the Indian tech business, also saw its shares shrink in value by over 2 per cent.
The company shares dipped by 2.18 per cent or Rs 77.35, taking the overall value of the company shares to Rs 3,475.10 per piece.
Infosys Ltd
From a Mumbai-based company, as we go to the IT capital of Bengaluru, Infosys also saw its shares slump in the intraday trade on Wednesday.
The company shares slumped by 2.05 per cent or Rs 33.00. This has brought the overall value of each individual Infosys shares to Rs 1,576.35.
Tech Mahindra Ltd
Pune-based Tech Mahindra shares also saw major dip in their value, as the company shares, like others also declined by over 2 per cent.
At the time of writing, the gap between the price today, and yesterday's closing amounted to 2.32 per cent or Rs 33.20 per piece. The share price slipped to Rs 1,397.45 per piece.
L&T Technology Services Ltd
L&T Technology Services Ltd or LTTS was one of the few silver linings for the day.
This is because the company boosted its position with gains of 0.55 per cent or Rs 25.40, taking the overall value of the company shares to Rs 4,634.80.