Stock Market

Nifty IT Stocks Gain; Tata Elxsi, Tech Mahindra, NIIT Technologies Among Top Performers

The Nifty IT stocks index was exchanging 0.52 percent up at 13,870.75 around 10:25 am on October 29, 2018, with the majority of its parts exchanging the green.

Shares of Tata Elxsi (up 1.38 percent), Tech Mahindra (up 1.32 percent), NIIT Technologies (up 1.26 percent) and MindTree (up 1.17 percent), were among the best performers.

Shares of Infibeam Avenues (down 53.41 percent), KPIT Technologies (down 7.44 percent), Mindtree (down 1.63 percent) and Tata Consultancy Services (TCS) (down 0.27 percent) were the failures in the IT list.

On the other side of Nifty IT stocks, Wipro (up 1.90 percent), Tech Mahindra (up 1.17 percent), Infosys (up 0.97 percent), Tata Elxsi (up 0.79 percent), HCL Technologies (up 0.46 percent) and OFSS (up 0.41 percent) were exchanging with additions.

Tata Consultancy Services (up 0.67 percent), Wipro (up 0.44 percent) and HCL Technologies (up 0.40 percent) were likewise exchanging the green.

Equity benchmarks Sensex and Nifty were shaky in the midst of blended worldwide signals. European stocks were stifled on worries around spending plan in Italy.

Benchmark NSE Nifty50 file was up 42.10 points at 10,072.1 while BSE Sensex was up 155.39 points at 33,504.7 around then.

Among the 50 stocks in the Nifty file, 27 were exchanging the green, while 23 were in the red. The S&P BSE Mid-Cap record was up 0.15 percent, failing to meet expectations the Sensex. The S&P BSE Small-Cap record was up 0.57 percent, beating the Sensex.

IT stocks exchanged blended. Tech Mahindra (up 1.55 percent) and TCS (up 2.02 percent) picked up. HCL Technologies dropped 0.88 percent.

Shares of ICICI Bank, YES Bank, SBI, Axis Bank, BEL, Bank of Baroda, State Bank of India, HDFC, Wipro, HCPL and HDFC Bank, Tata Motors, BHEL, Ashok Leyland and ITC exchanged most shares on the NSE.

The Nifty IT stocks pack of stocks includes Indeed Bank, Indiabulls Housing Finance, Bharti Airtel, Hero MotoCorp and Tata Steel was among the failures, according to the report of The Economic Times.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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