The Nifty IT Index Closes Higher
The Nifty IT index closed on a positive note on Wednesday, with several companies experiencing gains. L&T Technology Services Ltd., Wipro Ltd., LTIMindtree Ltd., Tata Consultancy Services Ltd., and MphasiS Ltd. ended the day as the top gainers in the pack. However, Persistent Systems Ltd. finished as the top losers of the day.
Market Performance
The Nifty IT index closed 1.67% up at 33022.6, while the benchmark NSE Nifty50 index ended up 82.6 points at 20937.7 and the BSE Sensex stood up 357.59 points at 69653.73.
Stocks in Focus
Among the 50 stocks in the Nifty index, 30 ended in the green, while 20 closed in the red. Shares of Reliance Power, YES Bank, Vodafone Idea, JP Power, and TV18 Broadcast were among the most traded shares on the NSE.
52-Week Highs and Lows
During today’s trade, shares of Robust Hotels, BCL Industries, Rashtriya Chemicals, Madras Fert, and Veranda Learning Sol hit their fresh 52-week highs. On the other hand, Embassy Office, Flair Writing Indust, Raj Rayon, SEL Manufact, and Winsome Yarns hit their fresh 52-week lows.
Hot Take: Positive Day for Nifty IT Index
Overall, it was a positive day for the Nifty IT index as it closed higher with notable gainers in the pack. The market performance showed an increase in both the Nifty IT index and the benchmark NSE Nifty50 index. Traders focused on stocks such as Reliance Power, YES Bank, Vodafone Idea, JP Power, and TV18 Broadcast. It is interesting to see the fresh 52-week highs and lows reached by different companies during today’s trade.
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