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Stock market update: IT stocks fall; Mindtree drops 7%

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NEW DELHI: Computer stocks were trading on a negative note at 1:52 pm (IST) on Friday.

Shares of Mindtree (down 6.9%), Larsen & Toubro Infotech (down 5.39%), MPhasis (down 3.85%), HCL Technologies (down 3.17%) and Info Edge (India) (down 0.52%) were the big losers in the index.

While Coforge (+ 2.32%), Tech Mahindra (+ 1.72%), Infosys (+ 1.11%), Tata Consultancy (+ 0.45%) and Wipro (+ 0.2%) were among the best winners.

The Nifty IT Index traded 0.19% at 21525.55 around 1:52 pm.

The benchmark NSE Nifty50 rose 62.05 points to 11,742.4, while the BSE Sensex rose 208.54 points to 39,936.95.

Of the 50 stocks in the Nifty Index, 38 were trading in the green, while 12 were in the red.

Vodafone Idea, YES Bank, Tata Motors, Ashok Leyland and Federal Bank stocks were among the most traded stocks on the NSE.

Shares of Poly Medicure, Amber Enterprises India Ltd., JSW Steel, JK Cement and Ruchi Soya Inds hit their new high of 52 weeks in trading today, while Vikas Proppant & Granite Ltd., Sumit Woods Ltd ., Lypsa Gems & Jewelery Ltd., Zee Learn Ltd., Central Bank of India, SKIL Infrastructure Ltd., Som Distilleries & Breweries Ltd., Coal India Ltd., Motor & General Finance Ltd. and Twentyfirst Century Management Services Ltd. hit a new 52-week trade low.



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