Stock market update: Nifty IT index falls 0.86%

NEW DELHI: The Nifty IT index closed on a negative note on Friday.

Shares of L&T Technology(up 1.96 per cent) ended the day as top gainers in the pack.

On the other hand, MPhasis(down 1.34 per cent), HCL Technologies(down 1.24 per cent), Tata Consultancy(down 1.22 per cent), Infosys(down 0.93 per cent) and Tech Mahindra(down 0.8 per cent) finished as the top losers of the day.

The Nifty IT index closed 0.86 per cent down at 29490.25.

Benchmark NSE Nifty50 index ended down 13.85 points at 19646.05, while the BSE Sensex stood down 106.62 points at 66160.2.

Among the 50 stocks in the Nifty index, 28 ended in the green, while 22 closed in the red.

Shares of Reliance Power, Vodafone Idea, Suzlon Energy, YES Bank and Rail Vikas Nigam were among the most traded shares on the NSE.

Shares of Jagsonpal Pharm, Intellect Design, Foseco India, Sundaram Finance and Fino Payments Bank hit their fresh 52-week highs in today's trade, while Shrenik, KKV Agro Powers Ltd., Service Care, Advitiya Trade India and Spectrum Talent Mana hit their fresh 52-week lows.