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IT stocks extend losses in Brexit wake.
Shares of software services companies fell for a second consecutive day after Britain votes to leave the EU.
The Nifty IT sub-index was down 0.8 per cent after falling 1.5 per cent on Friday.
The National Association of Software and Services Companies (Nasscom) says Brexit vote will create “phase of uncertainty in the near term’’.
It adds Europe is the second largest market for the Indian IT-BPM (business process management) industry, constituting almost 30 per cent of the industry’s export revenue.
Tata Consultancy Services Ltd slumped as much as 3.01 per cent, Infosys Ltd plunged as much as 1.88 per cent, Tech Mahindra Ltd slipped as much as 1.6 per cent, and HCL Technologies Ltd dropped as much as 2.8 per cent.
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