 "BSE IT index touches 12-year high")
Shares of information technology (IT) companies are in demand in otherwise weak market after buoyed by the depreciation of rupee against the dollar. The Indian currency rupee breached the 67-a-dollar mark, hitting another life-low today.
Tata Consultancy Services (TCS), Wipro, Infosys, MphasiS, MindTree, HCL Technologies and Tech Mahindra are trading higher by 1-6% on the Bombay Stock Exchange (BSE).
The BSE IT, a sole gainer among the sectoral indices, was up 2.4% at 7,814 as compared to 2.6% fall in benchmark S&P BSE Sensex at 1033 hours.
IT index touched high of 7,862, its highest level in past twelve years, during intra-day trade. The index hit record high of 8,678 in 2000 IT boom.
Among the individual stocks, TCS was up nearly 6% at Rs 1,942, also its record high on BSE. Wipro and Infosys are up 2% each, while HCL Technologies and Tech Mahindra are up 1% each.
Tata Consultancy Services (TCS), Wipro, Infosys, MphasiS, MindTree, HCL Technologies and Tech Mahindra are trading higher by 1-6% on the Bombay Stock Exchange (BSE).
The BSE IT, a sole gainer among the sectoral indices, was up 2.4% at 7,814 as compared to 2.6% fall in benchmark S&P BSE Sensex at 1033 hours.
IT index touched high of 7,862, its highest level in past twelve years, during intra-day trade. The index hit record high of 8,678 in 2000 IT boom.
Among the individual stocks, TCS was up nearly 6% at Rs 1,942, also its record high on BSE. Wipro and Infosys are up 2% each, while HCL Technologies and Tech Mahindra are up 1% each.