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IT stocks gain after rupee falls to over 9-month low

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Reuters
Last Updated : Dec 12 2014 | 10:05 AM IST

Reuters Market Eye - Infosys Ltd gains 1.6 percent, Tata Consultancy Services Ltd is up 0.8 percent.

Wipro Ltd and HCL Technologies Ltd gain 0.4 percent each.

Traders hope weak rupee would aid margins.

Rupee fell to over 9-month low on Thursday.

Likely that 62/$1 becomes fresh support level, say traders.

Dollar firmer against most of its major peers after upbeat U.S. retail sales data. ($1 = 62.2000 rupees)

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(Reporting by Abhishek Vishnoi)

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First Published: Dec 12 2014 | 9:59 AM IST

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