Shares of six IT companies rose 0.01% to 1.94% at 15:04 IST on BSE after rupee edged lower against the dollar in the foreign exchange market.
Meanwhile, the S&P BSE Sensex was down 456.09 points or 1.23% at 36,662.18.
The S&P BSE IT was up 98.57 points or 0.63% at 15,630.03
TCS (up 1.94%), MphasiS (up 1.54%), Tech Mahindra (up 1.17%), MindTree (up 0.09%), Infosys (up 0.1%) and HCL Technologies (up 0.01%) advanced.
Hexaware Technologies (down 1.47%), Wipro (down 0.7%) and Oracle Financial Services Software (down 0.63%) declined.
Also Read
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 70.50, compared with its close of 69.60 during the previous trading session.
A weak rupee boosts revenues of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content


