IT stocks rallied on Wednesday as the rupee’s steep fall past Rs 90 per dollar sparked strong buying in export-driven technology names. The currency’s drop to a record-low 90.13 boosted sentiment for dollar-revenue earners, pushing the Nifty IT index up 1%. Wipro led with a 2% jump, followed by gains in TCS, Infosys, Mphasis, Tech Mahindra and other IT majors.
Infosys, TCS, Wipro and other IT stocks rise up to 2% after rupee sinks to new low. What's driving the move?
📅 Published: December 3, 2025 |
📂 Category: Uncategorized