Infosys, Wipro, TCS, HCL Technologies, Tech Mahindra, NIIT, Zensar, Mindtree and Firstsource Solutions saw their share prices fall, some of them sharply, on the Bombay Stock Exchange (BSE) on Friday, with TCS touching a 52-week low.
The S&P BSE IT sector index fell 97.52 points, or 0.90%, to 10,694.50.
In contrast, Petronet LNG touched a new 52-week high of Rs 246.90 on the BSE. The stock has appreciated by 39% in the past three months from its price of Rs 175.75 on 4 September, to close at Rs 244.05 on Friday.
Meanwhile, data for the first three days of December reveals that foreign portfolio investors (FPIs) have been buying less of Indian equities even as they turned net buyers for the first time during the month, on Thursday.
The gross value of purchases by FPIs declined drastically from Rs 11,803.49 crore on 1 December, to Rs 5,755.06 crore the next day, and further to Rs 3,797.22 crore on 3 December, according to data posted on NSDL and CDSL.
The FPIs sold equities worth Rs 13,721.07 crore on 1 December, Rs 5,900.41 crore on 2 December and Rs 3,562.05 crore on 3 December.
While they were net sellers of equities on 1 December (Rs 1,917.58 crore) and 2 December (Rs 145 crore), they were net buyers at Rs 235 crore ($21 million) on 3 December, 2015.
The provisional data is yet to be released for 4 December, when the S&P BSE Sensex closed at 25,648, down 248.51 points, or 0.96%, from its previous close on Thursday.
