Monday, 15 December 2014

IT stocks fall on TCS Q3 outlook; Infosys, Wipro, HCL Tech top losers

The S&P BSE IT index slipped over 2 per cent in trade on Monday, after the country's largest software services firm expects its revenue in the October-December 2014 quarter to be 'in line with seasonal trends'. 

Reacting to the news, shares of TCS plunged over 4 per cent, while InfosysBSE -0.77 % slipped as much as 1.7 per cent. Other IT stocks such as WiproBSE -0.38 %, HCL TechnologiesBSE -1.70 % and Tech MahindraBSE -3.68 % dropped over 2 per cent each. 

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