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    Stock market update: IT shares gain; NIIT Tech up nearly 2%

    Synopsis

    The Nifty IT index was trading 0.12 per cent up at 15,233.15 around 10:38 am.

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    Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

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    NEW DELHI: Most IT shares were trading with gains in Friday's morning session.

    Shares of NIIT Technologies (up 1.91 per cent), Mindtree (up 0.86 per cent), Infosys (up 0.55 per cent) and Tech Mahindra (up 0.35 per cent) were the top gainers in the index.

    Tata Consultancy Services (up 0.29 per cent), Oracle Financial Services Software (up 0.18 per cent) and Tata Elxsi (up 0.10 per cent) too were trading higher.

    The Nifty IT index was trading 0.12 per cent up at 15,233.15 around 10:38 am.

    Benchmark NSE Nifty50 index was down 5.10 points at 11,577.80 while the BSE Sensex was up 1.06 points at 38,824.17.

    Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red.

    Shares of PFC, Dish TV India, YES Bank, Adani Power, PNB, Vodafone Idea, SAIL, Ashok Leyland, Sun Pharma and Tata Motors were among the most traded shares on the NSE.

    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

    1 Comment on this Story

    Niveza Equity Research392 days ago
    Infosys stock has surged in line with healthy growth in Q1FY20 profits of more than 5% YoY at Rs 3,802 crore. In addition, the company also has recorded good acceleration in the revenues for the June quarter that came in at Rs 21,803 crore which is up by 14 per cent over Rs 19,128 crore in the year-ago period. Sequentially, sales were up 1.2 per cent. With the constant currency growth accelerating to 12.4% on a yearly basis, the company also reports digital revenue growth of 41.9%. The strong is already strong on fundamental grounds also and seems potential for the long term investment phenomenon backed by its future oriented deals and contracts in hands. Search Google for NIVEZA FREE Share Market Tips today.
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