IT index shine; D-Link, 3i Infotech top BSE IT index gainers

Markets are witnessing profit booking across the board. All sectoral indices except FMCG and IT index are trading with losses.

Markets are witnessing profit booking across the board. All sectoral indices except FMCG and IT index are trading with losses.

Mid-cap IT stocks are hogging limelight even as Infosys and TCS put together contribute to 90 per cent of the IT index gains.D-Link soared by nearly 9 per cent while penny stock 3i Infotech is up by nearly 5 per cent. BCG and Newgen are up by more than 4 per cent each while Cyient, Infibeam, Sasken, and Cigniti are u by more than 2 per cent each.

Infosys trading up by 0.64 per cent made a fresh life high for itself on Wednesday. TCS is up by 0.81 per cent on intraday basis and close to its breakout levels. 

Sensex is down by nearly 200 points, trading close to 52580 levels. Markets in past few trading sessions have been showing some nervousness at all-time levels. IT, FMCG and Pharma stocks, considered defensives, usually outperform when markets correct.