Live Stock Market Updates: Nifty struggles to stay above 9600; IT stocks plunge

Major IT stocks including Wipro, Infosys, HCL Technologies, Tech Mahindra and TCS are losing their sheen on the bourses. Nifty IT index is trading down by 0.66% at 10210 level. Wipro is the top Nifty loser trading lower by 2.45% at Rs 254.45 per share.

There were 1089 advances, 474 declines and 385 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.

At 11 AM, the S&P BSE Sensex is trading at 31102 up 26 points, while NSE Nifty is trading at 9590 up 12 points. A total of 70 stocks registered a fresh 52-week high in trade today, while 32 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading up 0.37% at 14836, while BSE Small-cap Index is trading up 0.56% at 15733.

Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Information Technology and Healthcare are showing weakness on BSE.

Bharti Infratel, Aurobindo Pharma, ITC, Tata Motors are among the gainers, whereas Wipro, Lupin, Cipla, Dr Reddy’s and Bank of Baroda are losing sheen on NSE in the first trading hour.

The INDIA VIX is down 2.7% at 11.01.

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