Stock market update: Nifty IT index falls 0.42% in a weak market

NEW DELHI: The Nifty IT index traded negative around 10:30AM(IST)on Friday in a weak market.

Persistent Systems(up 0.17 per cent) and MPhasis(up 0.06 per cent) were among the top gainers.

Tech Mahindra(down 0.74 per cent), Wipro(down 0.54 per cent), Tata Consultancy(down 0.53 per cent), HCL Technologies(down 0.5 per cent) and Infosys(down 0.45 per cent) were the top losers on the index.

The Nifty IT index was down 0.42 per cent at 30051.75 at the time of writing this report.

Benchmark NSE Nifty50 index was down 13.65 points at 18470.45, while the BSE Sensex was down 31.87 points at 62240.81.

Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.

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

Shares of , , BSL Ltd, PNB and Ltd. hit their fresh 52-week highs in today's trade, while , Educomp Sols., , and hit fresh 52-week lows in trade.