The Nifty IT index tumbled almost two percent in trade, dragged by midcap IT services players Persistent Systems Ltd and Coforge Ltd, on Thursday, July 24.At 10.15 a.m., the Nifty IT index was down two percent or 733 points at 36,218. All index constituents, barring Oracle Financial Services Software, were trading in the red.Constituents Persistent Systems and Coforge were trading at Rs 5,099 and ...

Coforge shares tanked over 5 percent to Rs 1,743 in morning deals on July 24 even as its first-quarter results outperformed expectations and stood out amid a tepid showing by industry peers.The midcap IT firm posted an 8 percent growth in revenue in constant currency terms for the June quarter. The performance also sharply contrasted with Persistent Systems and LTIMindtree, which reported CC growt...

Shares of mid-cap information technology services player Coforge slipped in trade on Thursday, June 26, after a block deal involving shares worth Rs 183 crore took place.Around 9.77 lakh shares, or 1.46 percent of the company's equity, was exchanged at Rs 1,876.50 per share, totaling Rs 183.3 crore. This came at a very minor discount to the previous session's closing price of Rs 1,880 on the NSE.S...

The shares of several IT companies dropped on June 18, pushing the Nifty IT index down over half a percent to hover in the red and snap a three-day gaining streak. This comes as investors may have resorted to profit booking at elevated levels, while awaiting a possible rate cut by the US Federal Reserve.The Nifty IT index stood at around 39,138 in the morning, bucking the overall market trend with...

The information and technology gauge Nifty IT index jumped three percent in the opening session on April 8, tracking positive global cues as the risk-off mode ebbed, giving way to a bullish market sentiment.At 9.35 am, the Nifty IT index was trading near 33,050, up 1.2 percent, while Coforge, Persistent Systems and Infosys led the gains. Mid-cap IT players outperformed their large-cap peers on the...