Stock market update: Nifty IT index falls 0.52% in a weak market

The Nifty IT index was trading 0.52 per cent down at 32478.5.

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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 negative around 11:20AM(IST)on Tuesday in a weak market.

LTIMindtree Ltd.(up 0.09 per cent) and Wipro Ltd.(up 0.06 per cent) were among the top gainers.

MphasiS Ltd.(down 1.74 per cent), Coforge Ltd.(down 1.36 per cent), Tech Mahindra Ltd.(down 1.08 per cent), Persistent Systems Ltd.(down 0.93 per cent) and Tata Consultancy Services Ltd.(down 0.7 per cent) were the top losers on the index.


The Nifty IT index was down 0.52 per cent at 32478.5 at the time of writing this report.

Benchmark NSE Nifty50 index was up 7.4 points at 19681.95, while the BSE Sensex was down 15.25 points at 66008.44.

Among the 50 stocks in the Nifty index, 33 were trading in the green, while 16 were in the red.
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Shares of Vodafone Idea, IFCI, IOB, JP Power and YES Bank were among the most traded shares on the NSE.

Shares of Winsome Yarns, IFCI, Kennametal India, Airan Ltd. and Selan Expl Tech hit their fresh 52-week highs in today's trade, while Yudiz Solutions, Sungarner Energies, Pramara Promotions, Chavda Infra and Jiwanram Sheoduttrai hit fresh 52-week lows in trade.
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