Live Stock Market Updates: Markets marginally lower; IT stocks extend loss

Nifty IT index is trading lower by 1.22% at 10570 level. Despite clarification from Infosys regarding pricing cuts news in the IT industry, IT stocks are still trading in red zone.
 
IT giant, TCS is trading at around Rs 2554 per share down by 2.31%. Other IT stocks like JustDial, Tata Elxsi, Mindtree, Infosys, HCL Tech and Wipro are also trading in negative territory.
 
There are 735 advances, 756 declines and 454 unchanged stocks on NSE reflecting flat undertone in the market.
 
At 10 AM, the S&P BSE Sensex is trading at 31252 down 18 points, while NSE Nifty is trading at 9660 down 3 points. A total of 47 stocks registered a fresh 52-week high in trade today, while 18 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.25% at 14837, while BSE Small-cap Index is trading marginally up 0.08% at 15438.
 
Some buying activity is seen in Capital Goods, Finance, Metal, Auto, while Energy, FMCG, IT and Telecom are showing weakness on BSE.
 
Tata Steel, Dr Reddy’s, HDFC, Hindalco and Tata Motors are among the gainers, whereas TCS, Bharti Infratel, Tata Power, Adani Ports and GAIL are losing sheen on NSE in the first trading hour