NEW DELHI: Bucking the trend in equity market, most IT stocks were trading in positive territory in Thursday's session amid a fresh fall in rupee against the US dollar.
The Nifty IT was trading 0.86 per cent up at 16,069 around 01:35 pm. The rupee was trading 15 paise lower at 72.76 at that time.
Shares of Infosys (up 1.41 per cent), Infibeam Avenues (up 0.91 per cent), HCL Technologies (up 0.88 per cent), Tata Consultancy Services (TCS) (up 0.86 per cent), Oracle Financial Services Software (up 0.82 per cent), Tech Mahindra (up 0.39 per cent) and Wipro (up 0.08 per cent) were in the green zone.
KPIT Technologies (down 1.82 per cent), Mindtree (down 1.34 per cent) and Tata Elxsi (down 1.05 per cent), however, declined over 1 per cent.
Equity benchmarks were trading in the red on the last day of September future and options contracts. Weak global cues, rupee's fresh slide and rising crude oil prices also hit market sentiment.
Benchmark NSE Nifty50 index was down 86 points at 10,968, while the BSE Sensex was 254 points down at 36,288.
Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red.
Tata Steel, Asian Paints, Titan Company, Infosys and State Bank of India were among the gainers in the Nifty index.
YES Bank, Indiabulls Housing Finance, Bajaj Finance, Dr. Reddy's Laboratories and Axis Bank were among the losers in the Nifty pack of stocks.
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