IT stocks are trading lower today (June 08, 2012) on growing concerns that a weaker global economy would hit IT spending. The rupee's weakness against the dollar, which helps Indian IT exporters, also
failed to lift the sentiment in these stocks.
The rupee traded nearly 30 paise lower against the greenback today.
On the BSE at 12.01 pm, Infosys down by 2.12%, TCS down by 1.08%, HCL down by 0.07%.
IT index was down 1.32% or 74.50 points at 5,584.87.
....more info
failed to lift the sentiment in these stocks.
The rupee traded nearly 30 paise lower against the greenback today.
On the BSE at 12.01 pm, Infosys down by 2.12%, TCS down by 1.08%, HCL down by 0.07%.
IT index was down 1.32% or 74.50 points at 5,584.87.
....more info