Stock market update: Nifty IT index falls 0.86% in a weak market

NEW DELHI: The Nifty IT index traded negative around 11:19AM(IST)on Wednesday in a weak market.

Mindtree(up 0.24 per cent) were among the top gainers.

Tech Mahindra(down 2.17 per cent), Coforge(down 1.47 per cent), Larsen & Toubro Infotech(down 1.36 per cent), Wipro(down 1.28 per cent) and Oracle Financial Services Software(down 1.27 per cent) were the top losers on the index.

The Nifty IT index was down 0.86 per cent at 34937.15 at the time of writing this report.

Benchmark NSE Nifty50 index was down 97.5 points at 17651.1, while the BSE Sensex was down 448.06 points at 59219.54.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.

Shares of Vodafone Idea, Max Healthcare, BHEL, Coal India Ltd and Tata Power were among the most traded shares on the NSE.

Shares of Max Ventures Ind, Imagicaaworld Entert, JIK Industries, Coal India Ltd and Tata Power hit their fresh 52-week highs in today’s trade, while Opto Circuits, CarTrade Tech Ltd. and Inventure Grwth hit fresh 52-week lows in trade.

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