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The Nifty IT is NSE India’s sectoral Index of equity stocks belonging to India’s Information Technology Sector Companies. The Index is designed to reflect the behavior of companies engaged in IT infrastructure, IT education and software training, networking infrastructure, software development, hardware, IT support and maintenance, etc. The Index is comprised of 20 companies. The base value of the Index was revised from 1000 to 100 with effect from May 28, 2004.