November 21, 2018 / 5:33 AM / 8 months ago

BUZZ-India's Nifty IT index falls most in over 1 month

** Indian IT stocks drop, with the Nifty IT index down as much as 3.2 pct in its biggest daily pct loss since Oct 19

** Index on track for second consecutive day of fall, after the rupee hit its highest level since Sept on Tuesday (indian rupee mkt shut on Wednesday)

** Fall in technology stocks globally and rupee appreciation in past couple of days are the reasons for negative sentiment in the Indian IT stocks, said Siddhartha Khemka, head of retail research at Motilal Oswal Securities

** In the U.S, internet and other technology shares dropped on Tuesday with Apple down 4.8 pct to its lowest level since early May

** Infosys Ltd shares fall as much as 4.6 pct to 612.10 rupees, their lowest in 5 mths

** Tata Consultancy Services’ stock falls as much as 3.9 pct to 1805.15 rupees in biggest intraday loss since Oct 11

** TCS and Infosys were among the top pct losers on NSE index

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