Wednesday 20 May 2015

IT stocks gain as Rupee slides

The Information Technologies (IT) shares are in limelight on the NSE, on the back of weakness in Indian rupee versus the US dollar. 

The Information Technologies (IT) shares are in limelight on the NSE, on the back of weakness in Indian rupee versus the US dollar.
TCS1The Indian current is trading at the lower level of the day - with a loss of 19 paise at 63.87 as against the US dollar.

The CNX IT index jumped 1.5 percent at 11,548
Index heavyweights - Rolta India has soared 3.5 percent at Rs. 119. Closely followed by, Tech Mahindra and Info Edge (India) surged over 3 percent each at Rs. 640 and Rs. 767, respectively.
Polaris Consulting & Services and HCL Technologies have jumped 2.5 percent each at Rs. 176 and Rs. 957, respectively.

Hexaware Technologies and Persistent Systems (after foreign brokerage upgrade) have rallied over 2 percent each at Rs. 277 and Rs. 792, respectively.

Cyient, TCS, Infosys, Wipro, Oracle Financial and MphasiS are the other significant gainers.
On the losing side, KPIT Technologies has dropped over a percent at Rs. 111. NIIT Technologies has shed nearly a percent at Rs. 385 and eClerx Services has declined 0.4 percent at Rs. 1,580. 

No comments:

Post a Comment