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IT stocks rally as rupee depreciates further
Source: IRIS | 17 Jun, 2014, 11.48AM
Rating: NAN / 5 stars.
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IT stocks rallied on Tuesday as the rupee has depreciated against US dollar. Indian currency declined 29 paise or 0.48 percent against dollar to trade at 60.46.

Rupee depreciation is beneficial for export oriented sectors like IT as it increases revenue in local currency and improves potential for earnings.



Symbol Open High Low LTP Chng % Chng
CNX IT 9618.75 9659.15 9589.15 9642.3 62.45 0.65
HCLTECH 1436 1465 1435.5 1465 42.55 2.99
NIITTECH 430.6 442.4 430.6 440.55 12.8 2.99
JUSTDIAL 1333.55 1369 1333.55 1359.8 25.55 1.91
ECLERX 1180.05 1202.9 1176 1185.5 11.35 0.97
KPIT 161 163.4 161 162 1.4 0.87
MINDTREE 815 821.5 812 816.5 6.15 0.76
TCS 2284.9 2296.25 2271 2282.95 13.2 0.58
CYIENT 322.05 326.8 322 326.55 1.4 0.43
WIPRO 539 542 536 537.85 1.75 0.33
TECHM 2030 2043.55 2013 2029 6.35 0.31
INFY 3249 3264.8 3218.55 3253.8 9.65 0.3
OFSS 2944.6 2952.4 2935 2937.05 7.2 0.25
MPHASIS 448.5 460 448 452 0.8 0.18
PERSISTENT 1079.95 1097.5 1055 1076 0.9 0.08
HEXAWARE 153.3 154.8 151.2 152 0.05 0.03
VAKRANGEE 134.55 134.75 132.55 134.2 -0.35 -0.26
NAUKRI 710 721.35 710 713.75 -3.05 -0.43
POLARIS 218 220.5 216 216.25 -1.2 -0.55
CMC 1751.95 1778 1739.95 1742 -9.95 -0.57
ROLTA 113.15 114.8 110.65 111.4 -1.05 -0.93


Prices at 11:40 a.m. on Jun. 17, 2014.
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