Stock market update: Nifty IT index falls 0.62% in a weak market

Stock market update: Nifty IT index falls 0.62% in a weak market
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The Nifty IT index was trading 0.62 per cent down at 38366.25.

Reuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
NEW DELHI: The Nifty IT index traded negative around 11:05AM(IST)on Friday in a weak market.

Infosys(up 0.43 per cent) and Tata Consultancy(up 0.19 per cent) were among the top gainers.

Mindtree(down 5.01 per cent), HCL Technologies(down 2.34 per cent), L&T Technology(down 2.03 per cent), MPhasis(down 1.42 per cent) and Wipro(down 1.29 per cent) were the top losers on the index.

The Nifty IT index was down 0.62 per cent at 38366.25 at the time of writing this report.

Benchmark NSE Nifty50 index was down 75.65 points at 18182.15, while the BSE Sensex was down 312.22 points at 60923.08.

Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red.

Shares of JP Power, Suzlon Energy, Vodafone Idea, YES Bank and Tata Power were among the most traded shares on the NSE.

Shares of Coastal Corp, Coffee Day Ent, Macpower CNC Machine, Vishal Fabrics and Orbit Exports hit their fresh 52-week highs in today's trade, while Dilip Buildcon, Gillette India and PayTM hit fresh 52-week lows in trade.

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