Indices: Stock market update: Nifty IT index advances 0.33% in an upbeat market
The Nifty IT index was trading 0.33 per cent up at 38425.8.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
NEW DELHI: The Nifty IT index traded positive around 11:28AM(IST)on Wednesday in an upbeat market.Tech Mahindra Ltd.(up 1.07 per cent), HCL Technologies Ltd.(up 0.82 per cent), Infosys Ltd.(up 0.49 per cent), Wipro Ltd.(up 0.21 per cent) and Tata Consultancy Services Ltd.(up 0.21 per cent) were among the top gainers.Oracle Financial Services Software Ltd.(down 1.61 per cent), Coforge Ltd.(down 0.33 per cent), Persistent Systems Ltd.(down 0.26 per cent), MphasiS Ltd.(down 0.17 per cent) and LTIMindtree Ltd.(down 0.09 per cent) were the top losers on the index.The Nifty IT index was up 0.33 per cent at 38425.8 at the time of writing this report.Benchmark NSE Nifty50 index was up 84.41 points at 25188.65, while the BSE Sensex was up 263.23 points at 82654.95.Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red.Shares of RattanIndia Power, Reliance Power, Vodafone Idea, JP Power and RattanIndia Infra were among the most traded shares on the NSE.Shares of Kavita Fabrics, Hybrid Financial Services, CARE Ratings, Camlin Fine Sc and Scoda Tubes hit their fresh 52-week highs in today's trade, while Picturepost Studios, Shree Ram Proteins, Excel Realty N Infra, BSL Ltd and Lasa Supergenerics hit fresh 52-week lows in trade.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
25 minutes ago
- Economic Times
US stocks open lower as Middle East tensions rise
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
India Gazette
an hour ago
- India Gazette
Indian stock markets settle in the negative territory on tension between Iran and US
New Delhi [India], June 12 (ANI): The Indian stock indices ended in the red on Thursday, weighed down by the rising geopolitical tensions between Iran and the United Sensex closed at 81,691.98 points, down 823.16 points or 1 per cent. The Nifty also followed the Sensex and closed at 24,888.20 points, down 253.20 points or nearly 1 per cent.'After hitting a high near 25200, the index slipped sharply below the 25000 mark and found support at its 20-day EMA. A brief bounce in the last hour trimmed losses, but the index still ended with a cut of around 250 points, forming a big bearish candle on the daily chart,' said Chandan Taparia, Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services participants braced themselves to keep a track of global sentiment, as they turned negative, keeping domestic indices negative on Thursday.'This reflects rejection from higher levels and rising pressure near the 25000 zone. A move below 24700 may trigger further downside, while bulls need to reclaim 25000 to regain momentum,' added Chandan Taparia. All the Nifty Sectoral indices ended their day in the red territory except Nifty Healthcare Index. Out of all the sectors, Nifty Consumer Durables was the most affected indices, followed by Nifty Oil & Gas and Nifty Auto. 'On the stock-specific front, shares of IndiGo and SpiceJet dropped over 3 per cent following news of an Air India flight crash in Ahmedabad,' said Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity - Ashika Stock Broking, part of Ashika Nair, Head of Research, Geojit Investments says valuations concerns are rising in the Indian markets 'Consolidation in domestic markets is evolving into a broad-based trend, now extending to large-cap stocks. Valuation concerns and rising oil prices--driven by Middle East tensions--are fuelling risk aversion among investors. IT, metals, and auto sectors have mostly underperformed. Nair added that uncertainty over US tariffs is adding to it 'the U.S. is considering unilateral tariff hikes on several key trading partners, with a decision expected within the next one to two weeks, ahead of an early July deadline. Meanwhile, gold is witnessing a fresh leg of safe-haven buying, amid escalating geopolitical and economic risks.'Air India on Thursday confirmed that flight AI171 with destination to Gatwick in London, was involved in an accident today after take-off from the Sardar Vallabhbhai Patel International Airport in Ahmedabad, Gujarat. (ANI)
Time of India
an hour ago
- Time of India
Happiest Minds Technologies appoints Anand Balakrishnan as CFO
Mid-tier IT services company Happiest Minds Technologies has appointed Anand Balakrishnan as its chief financial officer (CFO) effective June 12. Balakrishnan will be reporting to managing director (MD) Venkatraman Narayanan , who will cease to hold the position of CFO, which he held over the past decade, the Bengaluru-based company informed in a stock exchange filing. Prior to this, Balakrishnan served as CEO at Mindteck , a publicly-listed IT services company, steering the company back to profitability during his six-year tenure. Balakrishnan has over 20 years of experience in financial management , accounting, and strategic leadership and has held senior positions at several organisations, including PwC, KPMG, Marsh McLennan (formerly JLT), GE Healthcare, and Mindteck. A chartered accountant, cost accountant and an American certified public accountant, Balakrishnan was appointed as the CFO designate at Happiest Minds Technologies in May. Live Events 'He brings a strong blend of financial acumen and strategic thinking that aligns perfectly with our vision for the future. I look forward to working closely with him as we continue driving innovation, delivering value to our stakeholders, and building a sustainable and growth-focussed organisation,' said Narayanan. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Happiest Minds Technologies has operations in the US, the UK, Canada, Australia, and the Middle East, offering digital transformation services for enterprises and technology providers. On Thursday, the company's shares ended weaker by nearly 1.5% to end the day's trade at Rs 610 apiece on the BSE Sensex, which closed lower by 1%.
