Stock market update: Nifty IT index advances 0.88%

Stock market update: Nifty IT index advances 0.88%
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The Nifty IT index closed 0.88 per cent up at 36463.55.

Reuters
Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
NEW DELHI: The Nifty IT index closed on a positive note on Wednesday.

Shares of Larsen & Toubro Infotech(up 4.75 per cent), Mindtree(up 3.69 per cent), L&T Technology(up 2.73 per cent), Coforge(up 2.59 per cent) and MPhasis(up 1.51 per cent) ended the day as top gainers in the pack.

On the other hand, Tech Mahindra(down 1.71 per cent), Wipro(down 0.28 per cent) and HCL Technologies(down 0.21 per cent) finished as the top losers of the day.

The Nifty IT index closed 0.88 per cent up at 36463.55.

Benchmark NSE Nifty50 index ended up 172.95 points at 17498.25, while the BSE Sensex stood up 740.34 points at 58683.99.

Among the 50 stocks in the Nifty index, 32 ended in the green, while 18 closed in the red.

Shares of YES Bank, IDFC First Bank, Adani Power, Vodafone Idea and Indian Oil Corp. were among the most traded shares on the NSE.

Shares of Deep Industries Ltd., Raymond, Aarvi Encon, Usha Martin and Tata Elxsi hit their fresh 52-week highs in today's trade, while Virescent Renewable Energy Trust, GMR Power and Urban Infra Ltd., Akash Infra-Proj, Nagreeka Capital and Supreme Infra hit their fresh 52-week lows.

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