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TCS
shares were trading at a volume over 3 percent higher than their 10-day average. Meanwhile, HCLTECH
Tech shares were trading at a volume nearly 2.49 times higher than their 10-day average. Both the stocks saw a strong decline in share prices. HCL Tech shares were trading nearly 4 percent lower at Rs 1,638 apiece, while those of TCS were down 3 percent to trade at Rs 3,680 apiece. Larsen & Toubro (L&T) stock also saw strong volumes, higher than its 10-day average. The stock dropped over 1 percent to trade at Rs 3,270 per share.
This comes as the IT stocks continue to see strong selling pressure amid concerns surrounding US's slowing economy. Domestic IT firms that are reliant on services exports to US bore the highest brunt of the losses.#WatchOutFor#StockInNews#EquityResearch#PsychologyofMoney#FundamentalViews
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