Stock market update: Nifty IT index advances 0.15% in an upbeat market

The Nifty IT index was trading 0.15 per cent up at 34886.65.

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
NEW DELHI: The Nifty IT index traded positive around 11:10AM(IST)on Thursday in an upbeat market.

Coforge Ltd.(up 2.14 per cent), Tech Mahindra Ltd.(up 1.28 per cent), Persistent Systems Ltd.(up 1.15 per cent), Tata Consultancy Services Ltd.(up 1.08 per cent) and MphasiS Ltd.(up 0.85 per cent) were among the top gainers.

Infosys Ltd.(down 1.2 per cent), Wipro Ltd.(down 0.2 per cent) and HCL Technologies Ltd.(down 0.04 per cent) were the top losers on the index.


The Nifty IT index was up 0.15 per cent at 34886.65 at the time of writing this report.

Benchmark NSE Nifty50 index was up 38.75 points at 21657.45, while the BSE Sensex was up 100.52 points at 71758.23.

Among the 50 stocks in the Nifty index, 29 were trading in the green, while 21 were in the red.
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Shares of YES Bank, Easy Trip Planners, Indian Railway Fin, RattanIndia Power and Vodafone Idea were among the most traded shares on the NSE.

Shares of RBZ Jewellers, Manaksia Steels, Manaksia Aluminium, Kalyani Steels and MRPL hit their fresh 52-week highs in today's trade, while Digidrive Distributo, Raj Rayon, NBI Industrial, GIR Natureview and Melstar Info hit fresh 52-week lows in trade.
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