Infosys, other IT stocks gain on weaker rupee

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Reuters
Last Updated : Aug 04 2014 | 2:09 PM IST

Reuters Market Eye - Shares in software services exporters gain after the rupee last week posted its biggest weekly fall since record low levels in August last year.

Rupee falls expected to boost overseas margins, traders say.

Infosys Ltd shares jump 3.7 percent, Wipro Ltd is up 2 percent.

Tech Mahindra Ltd is up 2 percent and HCL Technologies Ltd is trading 2.6 percent higher.

(Reporting by Indulal PM)

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First Published: Aug 04 2014 | 2:00 PM IST

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