Stock market update: Nifty IT index advances 1.03% in an upbeat market

The Nifty IT index was trading 1.03 per cent up at 37247.8.

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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 11:00AM(IST)on Tuesday in an upbeat market.

Coforge Ltd.(up 2.29 per cent), MphasiS Ltd.(up 2.01 per cent), Infosys Ltd.(up 1.75 per cent), Wipro Ltd.(up 1.52 per cent) and LTIMindtree Ltd.(up 1.34 per cent) were among the top gainers.

Persistent Systems Ltd.(down 0.15 per cent) were the top losers on the index.


The Nifty IT index was up 1.03 per cent at 37247.8 at the time of writing this report.

Benchmark NSE Nifty50 index was up 15.85 points at 24157.8, while the BSE Sensex was up 50.14 points at 79526.33.

Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red.
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Shares of Vodafone Idea, YES Bank, Zomato, Motherson Sumi and TV18 Broadcast were among the most traded shares on the NSE.

Shares of G M Breweries, Refex Industries, DCX Systems, JK Paper and Rane Holdings hit their fresh 52-week highs in today's trade, while Hilton Metal, Akme Fintrade(India, Praxis Home Retail, GIR Natureview and IndInfravit Trust hit fresh 52-week lows in trade.
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