Stock market update: Nifty IT index falls 0.23%

The Nifty IT index closed 0.23 per cent down at 42921.65.

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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 closed on a negative note on Friday.

Shares of MphasiS Ltd.(up 1.52 per cent), Tech Mahindra Ltd.(up 1.35 per cent), L&T Technology Services Ltd.(up 1.26 per cent), Persistent Systems Ltd.(up 0.41 per cent) and LTIMindtree Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

On the other hand, Tata Consultancy Services Ltd.(down 1.31 per cent) and Infosys Ltd.(down 0.63 per cent) finished as the top losers of the day.


The Nifty IT index closed 0.23 per cent down at 42921.65.

Benchmark NSE Nifty50 index ended down 43.4 points at 23559.95, while the BSE Sensex stood down 197.97 points at 77860.19.

Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red.
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Shares of Vodafone Idea, YES Bank, Tata Steel, ITC Hotels and Zomato were among the most traded shares on the NSE.

Shares of Pansari Developers, Aarti Pharmalabs, Nxt-Infra Trust, Nandani Creation and Wonder Fibromats hit their fresh 52-week highs in today's trade, while Carraro India L, Sonata Software, Brainbees Solutions, Rajesh Exports and Rossell Techsys hit their fresh 52-week lows.
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