IT stocks slips as rupee hits 11-month high

Shares of HCL Technologies was down 6% at Rs1279, while , Wipro was also lower by 5% at Rs479

Shares of information technology (IT) are under pressure after the rupee hits 11 month high against dollar today. Shares of HCL Technologies was down 6% at Rs1279, while , Wipro was also lower by 5% at Rs479 Shares of TCS and Infosys was down 5%. TCS stock was currently trading at Rs2046, while Infosys shares was at 3019. The rupee has hit strongest in 11 months high after the Bharatiya Janata Party victory.