D-Street Buzz: IT stocks trade mixed



a person with the hand on the face: D-Street Buzz: IT stocks trade mixed - Coforge, HCL Tech, Mphasis up 1-2%; Wipro trades flat ahead of earnings


© Nishant Kumar
D-Street Buzz: IT stocks trade mixed – Coforge, HCL Tech, Mphasis up 1-2%; Wipro trades flat ahead of earnings

The Indian stock market continues trading in the green with Sensex up 120.79 points or 0.3 percent at 40714.59, and the Nifty adding 36.30 points or 0.3 percent at 11967.30.

Among the sectors, the IT index added half a percent led by HCL Tech and Coforge which gained 2 percent each followed by Info Edge, Mphasis and Tech Mahindra.

Share price of Wipro was trading flat with the stock quoting at Rs 376.75, down Rs 0.80, or 0.21 percent. It has touched an intraday high of Rs 378.00 and an intraday low of Rs 373.

Wipro is expected to report around 3.5 percent dollar revenue growth QoQ in the quarter ended September 30, 2020. Large deal wins and easing of supply-side constraints may boost topline.

The constant currency

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