Indian markets turned negative in the noon trade as IT stocks which pushed the benchmark indices higher in the morning trade succumbed to selling pressure.
The market is still consolidating with positive bias. The Sensex is up 67.87 points at 27669.88 and the Nifty is up 21.05 points at 8313.95.
Infosys, which was up over 2% pared some of its gains and was up 1 per cent only. Other IT outsources like TCS, HCL Tech and Tech Mahindra all turned negative falling between 0.5 to 1.5% . The IT sub-index of National Stock Exchange was up only 0.1% , off from its day’s high.