Stock market update: IT stocks down; MindTree loses 1%

NEW DELHI: IT stocks were trading with losses at 11:48AM (IST) on Tuesday.

Shares of MPhasis (down 1.25 per cent), Mindtree (down 1.11 per cent), HCL Technologies (down 0.82 per cent), Wipro (down 0.62 per cent) and Infosys (down 0.53 per cent) were the top losers in the index.

While Larsen & Toubro Infotech (up 0.97 per cent), Info Edge (India) (up 0.71 per cent), Tech Mahindra (up 0.6 per cent), Coforge (up 0.23 per cent) and Tata Consultancy (up 0.02 per cent) were among the top gainers.


The Nifty IT index was trading 0.19 per cent down at 17976.4 around 11:48AM.

Benchmark NSE Nifty50 index was up 8.80 points at 11475.25, while the BSE Sensex was up 59.67 points at 38858.75.

Among the 50 stocks in the Nifty index, 19 were trading in the green, while 30 were in the red.

Shares of YES Bank, Vodafone Idea, SBI, LIC Housing Fin and ICICI Bank were among the most traded shares on the NSE.

Shares of Max Financial Services, Affle (India) Ltd., Timken India, Indiabulls Ventures (PP) and IOL Chemicals hit their fresh 52 week high in today's trade, while hit fresh 52 week low in trade.