Mahindra Satyam (down 2.42%), Tech Mahindra (down 2.18%), TCS (down 2.09%), Infosys (down 1.38%), HCL Technologies (down 1.2%) and Oracle Financial Services Software (down 0.42%), edged lower. Hexaware Technologies (up 1.73%), CMC (up 1.54%), Wipro (up 0.34%) and MphasiS (up 0.15%), edged higher.
The S&P BSE IT index was down 1.47% at 6,163.40. It underperformed the S&P BSE Sensex, which was up 0.75% at 19,541.65.
The S&P BSE IT index had outperformed the market over the past one month till 28 June 2013, rising 3.20% compared with the Sensex's 3.79% fall. The index had, however, underperformed the market in past one quarter, sliding 9.15% as against Sensex's 2.97% rise.
The rupee was trading at 59.04/00 to the dollar, after gaining to as much 58.965 in trade, its highest since 19 June 2013. It closed at 59.385/395 on Friday, 28 June 2013.
A firm rupee adversely affects operating profit margins of IT firms as the sector derives a lion's share of revenue from exports.
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