Quick Wrap: Nifty IT Index falls 5.29%, NIFTY Crashes 1.14%

Nifty IT index closed down 5.29% at 28530.6 today. The index has slipped 4.00% over last one month. Among the constituents, Infosys Ltd dropped 6.93%, Persistent Systems Ltd slipped 6.28% and HCL Technologies Ltd shed 5.82%. The Nifty IT index has fallen 19.00% over last one year compared to the 1.44% slide in benchmark Nifty 50 index. In other indices, Nifty Media index has dropped 1.87% and Nifty Pharma index is down 1.77% on the day. In broad markets, the Nifty 50 is down 1.14% to close at 23897.95 while the SENSEX has slid 1.27% to close at 76681.29 today.