HomeNewsBusinessMarketsD-Street Buzz: Nifty IT outperforms led by Tech Mahindra; Wockhardt jumps 7%, PSU banks drag

D-Street Buzz: Nifty IT outperforms led by Tech Mahindra; Wockhardt jumps 7%, PSU banks drag

The breadth of the market favoured the declines with 750 stocks advancing and 865 declining while 446 remained unchanged. On the BSE, 981 stocks advanced, 1010 declined and 114 remained unchanged.

November 12, 2018 / 10:24 IST
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Sandip Das Moneycontrol News

The Indian benchmark indices have shed some of the morning gains with the Nifty50 up 16 points, trading at 10,601 while the Sensex gained 63 points at 35,222.

Nifty IT is the outperforming sector, up over 1 percent led by HCL Tech, Infosys and Tech Mahindra which are up 2 percent each.

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Selective pharma names are also up with gains from Cipla, Lupin and Cadila Healthcare.

PSU banks are trading weak dragged by OBC, Bank of India, Indian Bank, PNB, SBI and Union Bank of India.