Indian technology stocks zooms as USD strengthens
May 14th, 2008
The Indian Information Technology stocks have zoomed ahead today with the US Dollar tounching INR 42.6 levels during intraday today. If there is any other sector that will cheer it he US Dollar strengthens, it is the Indian IT Industry. Needless to say, Indian investors who have put in huge monies into Indian IT Stocks that were having a rather dull period for over a year or two now have reasons to smile.
The CNX IT Index is up at 4513.95 (at 2:55 PM IST), up by about 3.90%. Major gainers on the CNX IT today include TCS, Polaris, HCL Tech, Infosys and IFlex.
Intraday highs of some major IT Stocks (NSE; 2:54 PM IST)
Infosys Technologies - Rs. 1824.00
Satyam Computer Services Limited - Rs. 515.00
Tata Consultancy Services - Rs. 969.80
Wipro - Rs. 507.00
MPhasis - Rs. 254.85
HCL Tech - Rs. 306.10
Polaris - Rs. 110.00
Tech Mahindra - Rs. 944.00
Patni - Rs. 280.00
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