Indian IT large-cap stocks traded with mild gains and selective pressure in early trade on January 27, tracking broader market cues. As of 10:00 AM IST, the sector showed modest strength, even as a few heavyweight names remained under pressure.
The S&P BSE IT index was trading 0.40% higher at 37,044.59, indicating a marginally positive undertone across information technology stocks. Broader benchmarks also moved slightly higher, with the S&P BSE SENSEX up 0.22% at 81,716.19, while the NIFTY 50 gained 0.24% to trade at 25,108.90.
Among frontline IT stocks, HCL Technologies was trading at ₹1,713.85 on BSE, up 0.42%, while its NSE price stood at ₹1,712.20, higher by 0.30%. Infosys also posted marginal gains, trading at ₹1,677.00 on BSE, up 0.38%, and ₹1,675.60 on NSE, up 0.29%.
Mid-tier IT names showed relatively stronger movement. Mphasis advanced 1.63% on BSE to ₹2,794.90, while on NSE it traded 1.31% higher at ₹2,788.90. Tech Mahindra also moved higher, gaining 1.44% on BSE to ₹1,725.80 and 1.19% on NSE to ₹1,721.30.
Financial technology-focused Oracle Financial Services Software traded positively, with its BSE price at ₹8,058.00, up 1.25%, and NSE price at ₹8,045.00, up 1.12%.
On the downside, Tata Consultancy Services remained under slight pressure, trading 0.11% lower on BSE at ₹3,157.40, while the NSE price slipped 0.37% to ₹3,150.80. Wipro saw comparatively sharper declines, trading at ₹234.00 on BSE, down 1.83%, and ₹233.55 on NSE, lower by 2.03%.
Outside core IT services, Info Edge also traded in the red, slipping 0.97% on BSE to ₹1,288.80 and 0.92% on NSE to ₹1,288.90.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.