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IT stocks rise on weak rupee

Capital Market 

Shares of eight IT companies rose 0.64% to 2.31% at 15:11 IST on the NSE as the weakened against the

Meanwhile, the was up by 46.20 points, or 0.39% to 11,916.85 and the was up by 253.80 points or 1.58% to 16,363.65.

(up 2.31%), (up 2.29%), (up 1.99%), (up 1.07%), (up 0.96%), (up 0.68%), (up 0.68%) and (up 0.64%), advanced.

A weak boosts revenue of IT firms in terms as the sector derives a lion's share of revenue from exports.

In the foreign exchange market, the rupee edged lower against the The partially convertible rupee was hovering at 69.55, compared with closing of 69.46 during the previous trading session.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 10 2019. 15:14 IST
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