IT sector gains as rupee falls, stocks up by 3 pct
- Country:
- India
IT stocks gained up to 3 percent Tuesday amid a weaker rupee, which is largely seen as a positive indication for export-oriented sectors.
Shares of HCL Technologies surged 2.68 percent, Infosys rose by 2.64 percent, Tech Mahindra by 2.16 percent, TCS 1.86 percent, Mindtree 1.75 percent and Wipro 1.42 percent on the BSE.
The BSE IT index ended 1.93 percent higher at 15,753.65.
Shares of Infosys also traded ex-bonus Tuesday.
The Indian rupee crashed to a fresh record low of 71.58 against the US dollar.
The 30-share BSE key index fell by 154.60 points to end at 38,157.92.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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