Share market update: IT stocks up; Tech Mahindra gains 1%

NEW DELHI: IT stocks were trading with gains on Monday's morning session.

Shares of MPhasis (up 2.62 per cent), Info Edge (India) (up 2.49 per cent), Larsen & Toubro Infotech (up 1.31 per cent), Tech Mahindra (up 1.09 per cent) and Tata Consultancy (up 0.96 per cent) were among the top gainers.

While Mindtree (down 0.95 per cent) and HCL Technologies (down 0.08 per cent) were the top losers in the index.

The Nifty IT index was trading 0.85 per cent up at 18157.9 around 11:11AM.

Benchmark NSE Nifty50 index was up 112.50 points at 11326.55, while the BSE Sensex was up 352.27 points at 38392.84.

Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red.

Shares of YES Bank, Vodafone Idea, BHEL, BEL and Tata Motors were among the most traded shares on the NSE.