Stock market update: Nifty IT index falls 1.24%

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

Shares of Coforge(up 1.98 per cent) ended the day as top gainers in the pack.

On the other hand, L&T Technology(down 4.29 per cent), Larsen & Toubro Infotech(down 1.88 per cent), Infosys(down 1.69 per cent), Mindtree(down 1.49 per cent) and Tech Mahindra(down 1.44 per cent) finished as the top losers of the day.

The Nifty IT index closed 1.24 per cent down at 30050.25.

Benchmark NSE Nifty50 index ended down 72.95 points at 16167.1, while the BSE Sensex stood down 276.46 points at 54088.39.

Among the 50 stocks in the Nifty index, 18 ended in the green, while 32 closed in the red.

Shares of





were among the most traded shares on the NSE.

Shares of

, Lexus Granito(India), Empyrean Cashews Ltd.,

and Vaxtex Cotfab hit their fresh 52-week highs in today’s trade, while Ibull Housing Fin, Dishman Carbogen,


and KN Agri

. hit their fresh 52-week lows.