Stock market update: Nifty IT index falls 1.33% in a weak market

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NEW DELHI: The Nifty IT index traded negative around 11:26AM(IST)on Friday in a weak market.

Tata Consultancy(up 0.13 per cent) were among the top gainers.

Mindtree(down 4.85 per cent), MPhasis(down 3.63 per cent), Coforge(down 2.74 per cent), Tech Mahindra(down 2.04 per cent) and Larsen & Toubro Infotech(down 1.72 per cent) were the top losers on the index.

The Nifty IT index was down 1.33 per cent at 34831.85 at the time of writing this report.

Benchmark NSE Nifty50 index was down 368.9 points at 17167.35, while the BSE Sensex was down 1220.98 points at 57574.11.

Among the 50 stocks in the Nifty index, 5 were trading in the green, while 45 were in the red.

Shares of Vodafone Idea, Trident Ltd, Tata Power, YES Bank and Ibull Housing Fin were among the most traded shares on the NSE.

Shares of Urja Global(PP), Tarsons Products Ltd., Nitiraj Engineers, Palred Technologies and IndiaPowerCorp hit their fresh 52-week highs in today’s trade, while Destiny Logistics & Infra Ltd., Nidan Laboratories And Healthcare Ltd., Crown Lifters, Dev Information Tech and RPP Infra Proj(PP)hit fresh 52-week lows in trade.