Stock market update: Nifty IT index falls 1.26%

The Nifty IT index closed 1.26 per cent down at 29717.45.

ETMarkets.com

Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.

NEW DELHI: The Nifty IT index closed on a negative note on Thursday.

Shares of HCL Technologies(up 0.44 per cent) ended the day as top gainers in the pack.

On the other hand, Tata Consultancy(down 1.9 per cent), Infosys(down 1.6 per cent), Tech Mahindra(down 1.52 per cent), L&T Technology(down 1.34 per cent) and Coforge(down 1.18 per cent) finished as the top losers of the day.


The Nifty IT index closed 1.26 per cent down at 29717.45.

Benchmark NSE Nifty50 index ended down 129.0 points at 17321.9, while the BSE Sensex stood down 501.73 points at 58909.35.

Among the 50 stocks in the Nifty index, 15 ended in the green, while 35 closed in the red.
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Shares of YES Bank, Rail Vikas Nigam, Indian Railway Finance Corporation Ltd., Power Grid and Tata Steel were among the most traded shares on the NSE.

Shares of NMDC Steel Ltd., Spectrum Electrical, Perfect Infraenginee, Soma Textiles and Vera Synthetic hit their fresh 52-week highs in today's trade, while North Eastern, SVP Global, SMVD Poly Pack, Vinny Overseas and Indiabulls Enterprises Ltd. hit their fresh 52-week lows.
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