Nifty IT Index Drops: HCL Tech and TCS Shine Amid Market Weakness

Nifty IT index dips as market weakens; HCL Tech and TCS gain. Explore trading trends and stocks hitting new highs and lows on NiftyStat.

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NEW DELHI: The Nifty IT index was going down around 10:45 AM (IST) on Friday as the overall market was weak. HCL Technologies was up by 0.59%, and Tata Consultancy Services rose by 0.14%, making them the top winners. On the other hand, Persistent Systems fell by 2.19%, while Coforge dropped by 1.85%. MphasiS was down by 1.31%, LTIMindtree fell by 1.06%, and Infosys was down by 0.4%, making them the biggest losers in the IT sector.

At that time, the Nifty IT index was down by 0.35%, sitting at 41,171.4. Meanwhile, the main NSE Nifty50 index dropped by 109.21 points to 22,922.2, and the BSE Sensex fell by 295.33 points to 75,843.64. Out of the 50 stocks in the Nifty, only 8 were doing well, while 42 were struggling.

Some of the most traded shares on the NSE included Vodafone Idea, YES Bank, Tata Steel, Manappuram Finance, and SAIL. Notably, Norben Tea Exp, Aarvee Denims, and SBI Card reached new 52-week highs today. On the flip side, stocks like MITCON Const & Engg.(PP), Concord Enviro Syste, Deepak Nitrite, Veto Switchgear, and JHS Svendgaard hit fresh 52-week lows in trading.

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