Stock market update: Nifty IT index advances 0.45% in an upbeat market

NEW DELHI: The Nifty IT index traded positive around 11:22AM(IST)on Friday in an upbeat market.

MPhasis(up 3.03 per cent), Persistent Systems(up 2.15 per cent), L&T Technology(up 1.11 per cent), Coforge(up 0.85 per cent) and Tech Mahindra(up 0.77 per cent) were among the top gainers.

HCL Technologies(down 0.43 per cent) and LTIMindtree Ltd(down 0.28 per cent) were the top losers on the index.

The Nifty IT index was up 0.45 per cent at 28816.85 at the time of writing this report.

Benchmark NSE Nifty50 index was up 20.8 points at 18211.8, while the BSE Sensex was up 88.37 points at 61222.25.

Among the 50 stocks in the Nifty index, 25 were trading in the green, while 24 were in the red.

Shares of YES Bank, Suzlon Energy, PNB, IOB and Tata Steel were among the most traded shares on the NSE.

Shares of Avro India, Tainwala Chem, Baheti Recycling Industries Ltd., Pritika Engineering Components Ltd. and Gujarat Pipavav hit their fresh 52-week highs in today's trade, while Elin Electronics Ltd., Sintex Inds., Zim Laboratories, Godha Cabcon & Insul and Goenka Diamond hit fresh 52-week lows in trade.