Stock market update: Nifty IT index advances 1.23% in an upbeat market

NEW DELHI: The Nifty IT index traded positive around 10:55AM(IST)on Monday in an upbeat market.

MPhasis(up 3.21 per cent), Infosys(up 2.91 per cent), L&T Technology(up 2.57 per cent), Larsen & Toubro Infotech(up 1.27 per cent) and Tech Mahindra(up 1.06 per cent) were among the top gainers.

HCL Technologies(down 1.97 per cent) were the top losers on the index.

The Nifty IT index was up 1.23 per cent at 36185.4 at the time of writing this report.

Benchmark NSE Nifty50 index was up 163.9 points at 18502.45, while the BSE Sensex was up 501.12 points at 61807.07.

Among the 50 stocks in the Nifty index, 38 were trading in the green, while 12 were in the red.

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

Shares of Bhagiradha Chem, MPS Infotecnics, INEOS Styrolution, Tata Power and Borosil L hit their fresh 52-week highs in today’s trade, while Destiny Logistics & Infra Ltd., Jiya Eco Products Lt, Dynamic Services & Security Ltd. and Inventure Grwth hit fresh 52-week lows in trade.

Source Link