Stock market update: Nifty IT index tanks 800 points! L&T Infotech dips over 6%

NEW DELHI: Nifty IT index was trading with losses at 12:16PM (IST) on Tuesday.

While Larsen & Toubro Infotech (down 6.66 per cent), Info Edge (India) (down 6.26 per cent), Mindtree (down 5.41 per cent), Tech Mahindra (down 4.84 per cent) and HCL Technologies (down 4.3 per cent) were the top losers in the index.

The Nifty IT index was trading 3.82 per cent down at 20985.85 around 12:16PM.

Benchmark NSE Nifty50 index was up 109.55 points at 12570.6, while the BSE Sensex was up 442.34 points at 43039.77.

Among the 50 stocks in the Nifty index, 31 were trading in the green, while 19 were in the red.

Shares of SBI, Crompton Greaves Consumer Electricals Ltd., Vodafone Idea, Tata Motors and YES Bank were among the most traded shares on the NSE.

Shares of Ashok Leyland, InterGlobe Aviation Ltd., Tata Steel (PP), Pfizer and UltraTech Cem. hit their fresh 52 week high in today's trade, while SITI Networks Ltd., Vikas Proppant & Granite Ltd., Jump Networks Ltd., SKIL Infrastructure Ltd., WABCO India Ltd. and Laurus Labs Ltd. hit fresh 52 week low in trade.