Stock market update: Nifty IT index falls 0.31% in a weak market

NEW DELHI: The Nifty IT index traded negative around 10:19AM(IST)on Friday in a weak market.

Wipro(up 0.09 per cent) and Mindtree(up 0.07 per cent) were among the top gainers.

Oracle Financial Services Software(down 0.84 per cent), Larsen & Toubro Infotech(down 0.78 per cent), MPhasis(down 0.78 per cent), Tata Consultancy(down 0.41 per cent) and Infosys(down 0.27 per cent) were the top losers on the index.

The Nifty IT index was down 0.31 per cent at 34919.55 at the time of writing this report.

Benchmark NSE Nifty50 index was down 119.0 points at 17499.15, while the BSE Sensex was down 398.12 points at 58728.24.

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

Shares of Vodafone Idea, Tata Power, Trident Ltd, BHEL and Delta Corp were among the most traded shares on the NSE.

Shares of Paras Defence and Space Technologies Ltd., Dynemic Product, GTPL Hathway, BEW Engineering Ltd. and Triveni Turbine hit their fresh 52-week highs in today’s trade, while BKM Industries, Opto Circuits, Krsnaa Diagnostics Ltd., Suvidhaa Infoserve Ltd. and Inventure Grwth hit fresh 52-week lows in trade.

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