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IT shares in focus; Wipro, Mindtree, Persistent, Mphasis at new highs
Shares of information technology (IT) companies were in focus in an otherwise subdued market on Wednesday with eight stocks from the S&P BSE IT index – Wipro, Birlasoft, Coforge, Firstsource Solutions, Mindtree, Persistent Systems and Sonata Software – hitting their respective record highs on the BSE in the intra-day trade today. Tata Consultancy Services (TCS), Tech Mahindra, Infosys, HCL Technologies and Larsen & Tourbo Infotech from the BSE IT and Nifty IT indices were up in the range of 1 per cent to 3 per cent.
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Bitcoin Mining Council to report renewable energy usage
The Tesla CEO tweeted the development was "potentially promising".
It's hoped the council will "promote energy usage transparency" and encourage miners to use renewable sources.
The process of creating Bitcoin consumes large amounts of electricity.
Its value fell earlier this month after Tesla withdrew its support of the crypto-currency, citing environmental concerns.
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