Stock market update: Nifty IT index falls 0.28%

The Nifty IT index closed 0.28 per cent down at 32886.7.

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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 Wednesday.

Shares of LTIMindtree Ltd.(up 0.61 per cent) and Wipro Ltd.(up 0.16 per cent) ended the day as top gainers in the pack.

On the other hand, Persistent Systems Ltd.(down 1.03 per cent), MphasiS Ltd.(down 0.93 per cent), L&T Technology Services Ltd.(down 0.85 per cent), HCL Technologies Ltd.(down 0.55 per cent) and Tech Mahindra Ltd.(down 0.44 per cent) finished as the top losers of the day.


The Nifty IT index closed 0.28 per cent down at 32886.7.

Benchmark NSE Nifty50 index ended up 76.8 points at 20070.0, while the BSE Sensex stood up 245.86 points at 67466.99.

Among the 50 stocks in the Nifty index, 31 ended in the green, while 19 closed in the red.
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Shares of JP Power, Vodafone Idea, Indian Railway Fin, Suzlon Energy and YES Bank were among the most traded shares on the NSE.

Shares of NIIT Learning System, Silver Touch Tech, ITI Ltd, IOL Chemicals and Jocil Ltd hit their fresh 52-week highs in today's trade, while Vaxtex Cotfab, Sungarner Energies, Penta Gold, Sahaj Fashions and Vasa Retail & Overse hit their fresh 52-week lows.
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