Stock market update: Nifty IT index falls 0.22% in a weak market

NEW DELHI: The Nifty IT index traded negative around 11:26AM(IST)on Monday in a weak market.

MPhasis(up 2.09 per cent), Coforge(up 2.06 per cent), L&T Technology(up 1.0 per cent) and Wipro(up 0.43 per cent) were among the top gainers.

Tech Mahindra(down 1.37 per cent), Infosys(down 0.77 per cent), Tata Consultancy(down 0.33 per cent), Larsen & Toubro Infotech(down 0.25 per cent) and Mindtree(down 0.21 per cent) were the top losers on the index.

The Nifty IT index was down 0.22 per cent at 28105.6 at the time of writing this report.

Benchmark NSE Nifty50 index was down 132.95 points at 16586.5, while the BSE Sensex was down 465.94 points at 55606.29.

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

Shares of Zomato Ltd., , , and were among the most traded shares on the NSE.

Shares of , , eMudhra Ltd., and Ltd. hit their fresh 52-week highs in today's trade, while Zomato Ltd., , , and hit fresh 52-week lows in trade.