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    Stock market update: Nifty IT index falls 0.49% in a weak market

    Synopsis

    The Nifty IT index was trading 0.49 per cent down at 29536.0.

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    Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
    NEW DELHI: The Nifty IT index traded negative around 10:24AM(IST)on Friday in a weak market.

    L&T Technology(up 0.33 per cent) were among the top gainers.

    Coforge(down 2.18 per cent), Persistent Systems(down 1.69 per cent), MPhasis(down 1.48 per cent), Larsen & Toubro Infotech(down 1.15 per cent) and Tech Mahindra(down 0.77 per cent) were the top losers on the index.

    The Nifty IT index was down 0.49 per cent at 29536.0 at the time of writing this report.

    Benchmark NSE Nifty50 index was down 51.5 points at 18292.4, while the BSE Sensex was down 160.43 points at 61590.17.

    Among the 50 stocks in the Nifty index, 10 were trading in the green, while 38 were in the red.

    Shares of PNB, Indian Railway Finance Corporation Ltd., Bank of Maharashtra, Zomato Ltd. and Union Bank India were among the most traded shares on the NSE.

    Shares of Faze Three Ltd, TCPL Packaging, Jeena Sikho Lifecare Ltd., Bank of Maharashtra and Honda Siel Power hit their fresh 52-week highs in today's trade, while Vivo Collaboration Solutions Ltd., Arshiya, SS Infrastructure, Sigma Solve and Rite Zone Chemcon India Ltd. hit fresh 52-week lows in trade.



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    (What's moving Sensex and Nifty Track latest market news, stock tips 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 .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    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

    ...more
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