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Stock market update: Nifty IT index advances 0.53% in an upbeat market

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NEW DELHI: The Nifty IT index traded positive around 11:15AM(IST)on Monday in an upbeat market.

Infosys(up 2.49 per cent), Tech Mahindra(up 1.02 per cent), Tata Consultancy(up 0.75 per cent) and HCL Technologies(up 0.13 per cent) were among the top gainers.

L&T Technology(down 2.26 per cent), Wipro(down 2.15 per cent), Coforge(down 1.78 per cent), MPhasis(down 1.02 per cent) and Mindtree(down 0.89 per cent) were the top losers on the index.

The Nifty IT index was up 0.53 per cent at 38340.75 at the time of writing this report.

Benchmark NSE Nifty50 index was up 152.1 points at 17964.8, while the BSE Sensex was up 496.52 points at 60241.17.

Among the 50 stocks in the Nifty index, 38 were trading in the green, while 12 were in the red.

Shares of JP Power, Vodafone Idea, YES Bank, GMR Infra and BHEL were among the most traded shares on the NSE.

Shares of Vikas Ecotech (PP), GTN Textiles, Euro Panel Products Ltd., Vaswani Ind and Kitex Garments hit their fresh 52-week highs in today’s trade, while Vivo Collaboration Solutions Ltd., Asian Hotels(W), PayTM, A and M Jumbo Bags L and McDowell Hold hit fresh 52-week lows in trade.