IT stocks gain ground as rupee hits one week low Corporate Notices
Published: Tuesday, December 30, 2014, 12:34 [IST]
Shares in IT Companies gained ground today as the rupee hit a one week low and threatened to break the 64 levels.
The rupee was last trading at 63.73 on sustained year end dollar demand. IT shares saw a smart rally following the drop in the rupee. Among the stocks that gained in trade were Infosys, TCS and Tech Mahindra.
BSE 1196.90 54.5 (-4.55%)
NSE 1196.90 54.4 (-4.55%)
BSE 2327.55 43.35 (-1.86%)
NSE 2327.10 43.9 (-1.89%)
Mphasis, TCS, Wipro and Infosys were all up anywhere between 0.5 per cent to 2 per cent.
Stocks from the sector have been rallying consistently in the last few days as the rupee has now fallen comfortably past the 63 levels.
A few weeks back the stock of TCS fell after it warned of a difficult quarter for the quarter ending Dec 31, 2014.
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Story first published: Tuesday, December 30, 2014, 12:34 [IST]
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Dec 30, 2014
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