Nifty IT index ended up 1.43% at 14225.35 today. The index has added 3.00% over last one month. Among the constituents, Infosys Ltd rose 2.81%, Tata Consultancy Services Ltd added 2.39% and HCL Technologies Ltd gained 2.26%. The Nifty IT index has increased 26.00% over last one year compared to the 2.75% spike in benchmark Nifty 50 index. In other indices, Nifty Pharma index has slid 1.33% and Nifty Energy index gained 1.30% on the day. In broad markets, the Nifty 50 increased 0.54% to close at 10685.6 while the SENSEX increased 0.45% to close at 35513.14 today.

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  Nifty Future Tips

Nifty future is nothing but the index future where the underlying is the S&P CNX Nifty index. In India, index futures trading started in 2000 in NSE. For Nifty futures contracts, the permitted lot size is 50, and in multiples of 50. Like other futures contracts, Nifty future tips contracts also have a three-month trading cycle - the near-month, the next month and the far-month.

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