Stock market update: Nifty IT index falls 0.25% in a weak market

NEW DELHI: The Nifty IT index traded negative around 10:24AM(IST)on Friday in a weak market.

L&T Technology(up 1.52 per cent), Mindtree(up 0.61 per cent) and Larsen & Toubro Infotech(up 0.55 per cent) were among the top gainers.

Infosys(down 0.78 per cent), Wipro(down 0.34 per cent), HCL Technologies(down 0.31 per cent), Tech Mahindra(down 0.28 per cent) and MPhasis(down 0.28 per cent) were the top losers on the index.

The Nifty IT index was down 0.25 per cent at 27776.4 at the time of writing this report.

Benchmark NSE Nifty50 index was down 31.1 points at 17511.7, while the BSE Sensex was down 75.21 points at 58691.38.

Among the 50 stocks in the Nifty index, 13 were trading in the green, while 37 were in the red.

Shares of Reliance Power, JP Power, Zomato Ltd., Suzlon Energy and Tata Tele were among the most traded shares on the NSE.

Shares of Omax Autos, Celebrity Fash, Reliance Power, Action Const. and Paramount Comm hit their fresh 52-week highs in today's trade, while Kridhan Infra, FutureLifestyleFash, McNally Bharat, Future Enterprises and Future Retail hit fresh 52-week lows in trade.