Rupee Hits 2019 Low; IT Stocks Mixed

The domestic currency – Rupee – on Tuesday declined to its lowest mark in 2019,. It fell to 72.30 V/s the Greenback, as weak Gross domestic products (GDP) numbers, left investors concerned that FPIs may head for the exit.

GDP numbers which were unveiled on late Friday, indicated in its lowest level in six years. The fall in Indian shares today is also one among factors with fall in rupee.

Certain domestic shares in the Information Technology (IT) sector were trading higher in Tuesday’s volatile markets due to fall in rupee, while some stocks hit lower badly, and some hit bare minimum losses

The Nifty IT index during the afternoon hours recorded 0.05% rise with index at 16,019-mark.

Stocks in Tech Mahindra currently trading up by 1.87%, followed by Hcl Tech up by 0.66% and TCS up by 0.33%

However, Infybeam falls by 2.59% followed by NIIT Tech, Oracle Financial services, is falling significantly in the IT index, followed by minimum losses in Wipro, MindTree and Infosys.

At 3.10pm, the Sensex cracked 712-pts at 36620-level, while Nifty slumped 211-pts at 10811.60.

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