BSE IT index touches 12-year high
TCS, Wipro, Infosys,Tech and Tech Mahindra are trading higher by 1-6% on BSE.
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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.
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First Published: Aug 28 2013 | 10:44 AM IST