Stock market update: Nifty IT index falls 0.85%

On the other hand, MphasiS Ltd.(down 2.51 per cent), Tata Consultancy Services Ltd.(down 1.72 per cent), L&T Technology Services Ltd.(down 1.18 per cent), HCL Technologies Ltd.(down 1.11 per cent) and Wipro Ltd.(down 0.75 per cent) finished as the top losers of the day.

The Nifty IT index closed 0.85 per cent down at 33381.85.

Benchmark NSE Nifty50 index ended up 62.25 points at 22466.1, while the BSE Sensex stood up 253.31 points at 73917.03.

Among the 50 stocks in the Nifty index, 25 ended in the green, while 25 closed in the red.

Shares of Vodafone Idea, Indian Railway Fin, YES Bank, BEL and NHPC were among the most traded shares on the NSE.

Shares of MOIL, ISMT Ltd, Indian Hume Pipe, Crompton Greaves and Mazagon Dock Ship hit their fresh 52-week highs in today's trade, while Brightcom Group, SecUR Credentials, Filatex Fash, IRB InvIT Fund and GIR Natureview hit their fresh 52-week lows.