Stock market update: Nifty IT index falls 0.69% in an upbeat market

NEW DELHI: The Nifty IT index traded negative around 10:30AM (IST) on Wednesday in an upbeat market.

Larsen & Toubro Infotech (up 0.46 per cent) were among the top gainers.

Infosys (down 1.23 per cent), MPhasis (down 1.09 per cent), HCL Technologies (down 0.8 per cent), Oracle Financial Services Software (down 0.76 per cent) and Tata Consultancy (down 0.71 per cent) were the top losers on the index.

The Nifty IT index was down 0.69 per cent at 34330.5 at the time of writing this report.

Benchmark NSE Nifty50 index was up 19.3 points at 17151.5, while the BSE Sensex was up 110.34 points at 57662.73.

Among the 50 stocks in the Nifty index, 19 were trading in the green, while 30 were in the red.

Shares of Vodafone Idea, YES Bank, BHEL, NALCO and PNB were among the most traded shares on the NSE.

Shares of Zen Tech, Consolidated Fin, Meghmani Finechem Ltd., Adani Transmission and Stampede Cap (DVR) hit their fresh 52-week highs in today’s trade, while Rex Pipes and Cables Industries Ltd., Inventure Grwth and Network People Services Technologies Ltd. hit fresh 52-week lows in trade.

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