Stock market update: Nifty IT index advances 0.16% in an upbeat market
ADVERTISEMENT Coforge Ltd.(up 1.77 per cent), MphasiS Ltd.(up 1.0 per cent), Infosys Ltd.(up 0.59 per cent), Oracle Financial Services Software Ltd.(up 0.36 per cent) and HCL Technologies Ltd.(up 0.22 per cent) were among the top gainers.
Tata Consultancy Services Ltd.(down 0.58 per cent), Tech Mahindra Ltd.(down 0.33 per cent) and Wipro Ltd.(down 0.19 per cent) were the top losers on the index.
The Nifty IT index was up 0.16 per cent at 39013.3 at the time of writing this report. Benchmark NSE Nifty50 index was up 15.25 points at 25532.3, while the BSE Sensex was up 85.41 points at 83691.87. Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.
ADVERTISEMENT Shares of Vodafone Idea, RattanIndia Power, JP Power, IDFC First Bank and NMDC were among the most traded shares on the NSE.
Shares of Gabriel India, TN Telecom, Innovana Thinklabs, Federal Mogul and Lloyds Steels(PP)hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Sadhana Nitro, Arisinfra Solutions, Twentyfirst Cent and Future Enterprises (DVR)hit fresh 52-week lows in trade.
(You can now subscribe to our ETMarkets WhatsApp channel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
4 hours ago
- Business Standard
Street Signs: Nifty adrift in choppy waters, IFSCA nets ghost firms, more
Nifty logs third straight weekly drop amid earnings jitters; IFSCA takes action against ghost firms in GIFT City; IPO pipeline swells ahead of July 31 deadline Puneet Wadhwa Khushboo Tiwari New Delhi Listen to This Article No wind in sails: Nifty adrift in choppy waters The benchmark Nifty 50 index slipped 0.7 per cent to close at 24,968 last week, weighed down by a tepid start to the first-quarter results season. This marked the third straight weekly decline, pushing the 50-stock index just below its 20-day exponential moving average (25,250) — a sign of fading strength. 'Lack of follow-through buying and persistent selling pressure is weighing on sentiment,' said Chandan Taparia, head of derivatives and technicals for wealth management at Motilal Oswal Financial Services. He added that unless the Nifty reclaims 25,300, the near-term bias stays
Economic Times
6 hours ago
- Economic Times
Two Trades for Today: A cement major for a 6.5% upmove, a large-cap metal & mining stock for almost 7% gain
The markets extended their weakness after a brief respite and ended on a negative note on Friday. The Nifty started on a flat note; however, it once again formed the high point of the day in the early minutes of the trade. The markets experienced strong selling pressure in the first hour of the session, during which time they also reached their low point of the day. The remainder of the session was spent in a capped range. With no signs of FONT SIZE SAVE PRINT COMMENT
Economic Times
9 hours ago
- Economic Times
July 22–25: Critical time windows could trigger Nifty reversals, says Harshubh Shah
Indian equity markets closed lower for the third straight week, with the Nifty50 slipping 0.7% to end below the 25,000 mark for the week ending July 18, 2025.A sharp uptick in foreign institutional investor (FPI) selling has amplified the weakness. According to NSDL data, FPIs have offloaded Indian equities worth Rs 10,775 crore so far in beneath the surface of price action, a subtler force is at work: time. July 15–19: Time Levels Guide Market Moves In our previous analysis, we highlighted July 15 as a pivotal date—and the market respected this projection. On Friday, July 19, once the low of July 15 was breached, the Nifty witnessed aggressive selling. Even the high made on July 15 proved significant: a failed breakout attempt near that level on July 16 triggered fresh declines. Critical support zones worked well last week: 24,978 acted as a crucial support level before Friday's 25,085 mark (July 15's low) also played a vital role, as its breach led to a steep again, the market demonstrated that both price levels and time zones matter in short-term trading decisions. Precision in Time-Based Analysis: Intraday Accuracy Unmatched Throughout the week, time analysis proved its merit with remarkable precision. Specific intraday time slots consistently aligned with swing highs, lows, and key reversals: July 14: 10:20 AM – Swing high, followed by a downtrend 11:30 AM – Day's low formed near this time July 15: 9:45 AM – Day's low formed 2:45 PM – Swing low marked with precision July 16–18: Multiple intraday pivots around key time slots like 10:45 AM, 12:30 PM, and 2:45 PM Such consistency confirms that Time Analysis, when combined with Price Action, can provide traders with clear, actionable insights. Outlook for July 21–25: Big Moves ExpectedKey Support Zones: 24,978 / 24,850 / 24,676 / 24,538 / 24,450 Key Resistance Levels: 25,080 / 25,147 / 25,320 / 25,434 / 25,566 / 25,600 Intraday Time Slots to Watch: Key Dates to Track July 22–23: Expect swift intraday moves — ideal for short-term traders and 24–25: Watch for a potential top or bottom formation. Positional traders should stay alert. Conclusion While many traders focus solely on chart patterns, indicators, or news flow, the underlying rhythm of Time remains a powerful yet underappreciated tool. The coming week holds key signals hidden in specific time windows. Stay prepared — sharp moves could catch the unprepared off-guard. (The author is Director, Wealthview Analytics Pvt Ltd. SEBI Registration – INH000009676) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
