single

The S&P BSE IT was up 1.31% at 15,593.64. The S&P BSE Sensex was down 84.14 points or 0.22% at 37,318.35.

Infosys (up 2.03%), TCS (up 1.36%), MindTree (up 1.19%), Wipro (up 1.11%), Persistent Systems (up 0.86%), HCL Technologies (up 0.47%) and MphasiS (up 0.26%) advanced.

Oracle Financial Services Software (down 0.13%), Tech Mahindra (down 0.49%), Hexaware Technologies (down 0.95%) declined.

In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 71.555, compared with its close of 71.4350 during the previous trading session.

A weak rupee boosts revenues of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.

TAGS

0 thoughts on “IT shares in demand on weak rupee”

Post Comment



  Intraday Tips

Buying and selling recommendation given for intraday trading is called as intraday tips. Accurate intraday calls are commonly provided in all segments such as equity, nifty future, nifty option, stock future and commodities. In today's trend intraday tips are also called as day trading calls.


View My Stats