Stock market update: Nifty IT index falls 0.75%

The Nifty IT index closed 0.75 per cent down at 37501.45.

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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 Tuesday.

Shares of Coforge Ltd.(up 0.05 per cent) ended the day as top gainers in the pack.

On the other hand, HCL Technologies Ltd.(down 1.29 per cent), Tata Consultancy Services Ltd.(down 1.1 per cent), Persistent Systems Ltd.(down 0.8 per cent), Wipro Ltd.(down 0.8 per cent) and Infosys Ltd.(down 0.66 per cent) finished as the top losers of the day.


The Nifty IT index closed 0.75 per cent down at 37501.45.

Benchmark NSE Nifty50 index ended down 174.96 points at 24826.2, while the BSE Sensex stood down 624.82 points at 81551.63.

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, Eternal, Reliance Power, Suzlon Energy and YES Bank were among the most traded shares on the NSE.

Shares of Camlin Fine Sc, Apollo Micro Systems, Centum Elec, Suven Life Sci and Racl Geartech hit their fresh 52-week highs in today's trade, while Shree Ram Proteins, California Soft(PP), Tantia Const, Chembond Chem and Protean eGov Techno hit their fresh 52-week lows.
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