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

Indices: Stock market update: Nifty IT index falls 0.42% in a weak market – The Economic Times

The Economic Times

Synopsis

Analysts see 15,900 to continue to pose as the immediate resistance.
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,

Indian Railway Finance Corporation

Ltd.,

Suzlon Energy

,

YES Bank

and

UCO Bank

were among the most traded shares on the NSE.

Shares of

Dev Information Tech

,

Panama Petro

, BSL Ltd, PNB and

Hariom Pipe Industries

Ltd. hit their fresh 52-week highs in today’s trade, while

FutureLifestyleFash

, Educomp Sols.,

Jump Networks

,

SS Infrastructure

and

Sintex Plastics Tech

hit fresh 52-week lows in trade.

(What’s movingSensexandNiftyTracklatest market news,stock tipsandexpert adviceonETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts,subscribe to our Telegram feeds.)

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