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A maturing market amid the mayhem

Lacklustre day for IT stocks

November 16, 2009

The BSE IT index was the only sectoral index to close in the red on Monday, in a broader market that ended 183 points up.

Top IT firms Infosys Technologies and TCS were among the top Sensex losers, falling 0.83 percent and 0.63 percent respectively. Patni Computer dropped over 3 percent.

Financial Technologies, however, bucked the trend and rose 3.5 percent, leading the gainers in the IT index.

The infotech index has gained nearly 7 percent this month, and top counters like Infosys have added over 6 percent during the same period.

What is your favourite pick in this sector at this stage?

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