Stock market update: Nifty IT index falls 0.4% in a weak market

NEW DELHI: The Nifty IT index traded negative around 10:35AM(IST)on Monday in a weak market.

Persistent Systems(up 1.25 per cent), MPhasis(up 0.72 per cent) and Wipro(up 0.16 per cent) were among the top gainers.

L&T Technology(down 2.03 per cent), LTIMindtree Ltd(down 1.41 per cent), Infosys(down 0.95 per cent), Coforge(down 0.51 per cent) and Tata Consultancy(down 0.25 per cent) were the top losers on the index.

The Nifty IT index was down 0.4 per cent at 29052.8 at the time of writing this report.

Benchmark NSE Nifty50 index was down 2.05 points at 18494.55, while the BSE Sensex was down 14.67 points at 62167.0.

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

Shares of YES Bank, JP Power, Suzlon Energy, PNB and Central Bank were among the most traded shares on the NSE.

Shares of Va Tech Wabag, Themis Medicare, Gravita India, Salasar Techno Engg and Revathi Equip hit their fresh 52-week highs in today's trade, while Cerebra Integrat, Amiable Logistic(India)Ltd., Baheti Recycling Industries Ltd., DJ Mediaprint & Logi and Pritika Engineering Components Ltd. hit fresh 52-week lows in trade.