Tuesday 29 May 2018

Nifty IT Outperforms Led By Tech Mahindra Rcom Jumps 4%, PSU Banks Drag

Posted by suhani varma on Tuesday, May 29, 2018 with No comments


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The broader are trading flat this Tuesday morning, with the Nifty flat at 10,688 and the Sensex shedding 13 points at 35,152.

Nifty IT was the outperforming sector in the morning trade led by stocks like Tata Elxsi, Mindtree, Tech Mahindra and HCL Technologies.

Nifty infra was up 1 percent as stocks like Reliance Communications jumped 4 percent followed by Bharat Heavy Electricals, Idea Cellular, Larsen & Toubro, Adani Power and Adani Ports.


PSU banks were the biggest underperformers dragged by Bank of India, Andhra Bank, Oriental Bank of Commerce and Union Bank of India while heavyweights like State Bank of India and Punjab National Bank were the other losers.

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