Stock market update: Nifty IT index falls 0.42%

The Nifty IT index closed 0.42 per cent down at 28505.75.

Agencies
Mazhar Mohammad of Chartviewindia.in said technical indicators are turning mixed as the weekly MACD chart has generated a 'buy' signal, giving an edge to the bulls.
NEW DELHI: The Nifty IT index closed on a negative note on Thursday.

Shares of L&T Technology(up 0.88 per cent) and Larsen & Toubro Infotech(up 0.53 per cent) ended the day as top gainers in the pack.

On the other hand, MPhasis(down 1.1 per cent), Tech Mahindra(down 0.74 per cent), Infosys(down 0.61 per cent), Wipro(down 0.52 per cent) and Tata Consultancy(down 0.32 per cent) finished as the top losers of the day.


The Nifty IT index closed 0.42 per cent down at 28505.75.

Benchmark NSE Nifty50 index ended down 128.8 points at 18028.2, while the BSE Sensex stood down 419.85 points at 60613.7.

Among the 50 stocks in the Nifty index, 11 ended in the green, while 39 closed in the red.
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Shares of Vodafone Idea, PNB, Union Bank India, YES Bank and FSN E-Comm(Nykaa)were among the most traded shares on the NSE.

Shares of Linc Pen Plast, BSL Ltd, Refex Industries, Kriti Nutrients and Ion Exchange hit their fresh 52-week highs in today's trade, while Team Lease Service, Aurobindo Pharma, Quess Corp, Jayant Agro Org and Everest Kanto hit their fresh 52-week lows.
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