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Stock market update: Nifty IT index falls 1.12% in a weak market

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NEW DELHI: The Nifty IT index traded negative around 11:20AM(IST)on Wednesday in a weak market.

Coforge(up 1.72 per cent) were among the top gainers.

L&T Technology(down 2.54 per cent), MPhasis(down 2.07 per cent), Infosys(down 1.87 per cent), Larsen & Toubro Infotech(down 1.42 per cent) and Wipro(down 1.21 per cent) were the top losers on the index.

The Nifty IT index was down 1.12 per cent at 30087.3 at the time of writing this report.

Benchmark NSE Nifty50 index was down 111.95 points at 16128.1, while the BSE Sensex was down 371.69 points at 53993.16.

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

Shares of

,

Ltd.,

,

and

were among the most traded shares on the NSE.

Shares of

, Lexus Granito(India), Empyrean Cashews Ltd.,

and

hit their fresh 52-week highs in today’s trade, while Dishman Carbogen,

,

, Arshiya and Ibull Housing Fin hit fresh 52-week lows in trade.