Synopsis

The Nifty IT index was trading 0.2 per cent down at 42056.7.

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MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
NEW DELHI: The Nifty IT index traded negative around 11:04AM(IST)on Friday in a weak market.

Tata Consultancy Services Ltd.(up 0.25 per cent), Infosys Ltd.(up 0.07 per cent), HCL Technologies Ltd.(up 0.06 per cent) and Coforge Ltd.(up 0.02 per cent) were among the top gainers.

L&T Technology Services Ltd.(down 2.2 per cent), LTIMindtree Ltd.(down 1.98 per cent), Wipro Ltd.(down 0.69 per cent), MphasiS Ltd.(down 0.62 per cent) and Tech Mahindra Ltd.(down 0.44 per cent) were the top losers on the index.

The Nifty IT index was down 0.2 per cent at 42056.7 at the time of writing this report.

Benchmark NSE Nifty50 index was down 232.96 points at 24166.45, while the BSE Sensex was down 614.87 points at 79450.29.

Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red.

Shares of Vodafone Idea, YES Bank, IndusInd Bank, Zomato and JP Power were among the most traded shares on the NSE.

Shares of ABM International, Tirupati Forge, Radico Khaitan, Industrial Invst and Mask Investments hit their fresh 52-week highs in today's trade, while IndusInd Bank, Suryoday Small Finance Bank, De Nora India, Gloster and Spaceage Products hit fresh 52-week lows in trade.


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(You can now subscribe to our ETMarkets WhatsApp channel)

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(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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