The IT stocks led a rally with the Nifty IT Index touching 20,014 on Thursday before settling 19,917.80, up by 0.75%. The Index opened at 19,660.45 with previous closing at 19,770.35.
Domestic markets were majority in the red amid the US Federal Reserve highlighted the uncertainty surrounding economic recovery. The 30-share BSE index was trading 241 points lower at 39,061 while the NSE Nifty fell 63 points to 11,541.
Large volumes of buying were witnessed in HCL Tech, LTI and Infosys.
HCL Technologies become the third IT company after TCS (Rs 9.33 trillion) and Infosys (Rs 4.33 trillion) featuring in the top 10 most valuable firm in terms of Market capitalization. The company recently announced ties with Google Cloud. In the latest strategic partnership, HCL will offer its hybrid cloud data warehouse Actian Avalanche to Google Cloud.
Shares of Happiest Minds Technologies (HMT) which made a stellar debut more-than-doubled after the stock listed at Rs3 51, a 111% premium against its issue price of Rs 166 per share on the BSE.
Wipro and Mindtree were up by 0.62% and 1.36% respectively, Coforge Ltd. was trading at Rs 2,252.85 on the NSE by 2:17 pm.
Proud to announce that AUM of all ETFs tracking Nifty50 index in India has crossed a milestone of Rs. 1 Trillion!
The total AUM of ETF Industry in India has crossed Rs 2 Lakh crores (Rs. 2 Trillion)
Read NSE press release> https://t.co/9rMD2gBblo#Nifty #ETF #Milestone #NSE pic.twitter.com/yQixOVlk7n— NSE India (@NSEIndia) September 16, 2020
