Stock market update: Nifty IT index advances 1.67% in an upbeat market

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NEW DELHI: The Nifty IT index traded positive around 10:09AM(IST)on Thursday in an upbeat market.

Mindtree(up 5.76 per cent), Wipro(up 5.24 per cent), MPhasis(up 4.66 per cent), Larsen & Toubro Infotech(up 2.56 per cent) and Coforge(up 2.38 per cent) were among the top gainers.

Tata Consultancy(down 0.55 per cent) and HCL Technologies(down 0.13 per cent) were the top losers on the index.

The Nifty IT index was up 1.67 per cent at 35876.05 at the time of writing this report.

Benchmark NSE Nifty50 index was up 123.2 points at 18284.95, while the BSE Sensex was up 385.85 points at 61122.9.

Among the 50 stocks in the Nifty index, 36 were trading in the green, while 14 were in the red.

Shares of Tata Power, Tata Motors, Vodafone Idea, PNB and Trident Ltd were among the most traded shares on the NSE.

Shares of Borosil L, Consol Const., NRB Industrial, Hindprakash Industri and Hindustan Motor hit their fresh 52-week highs in today’s trade, while Destiny Logistics & Infra Ltd., Pasupati Acrylon, Euro India Fresh and Airo Lam hit fresh 52-week lows in trade.