IT shares gather gain as rupee depreciates to a week low

Infosys is currently trading at Rs. 2623.00, up by 23.35 points or 0.90% from its previous closing of Rs. 2599.65 on the BSE. The scrip opened at Rs. 2561.00 and has touched a high and low of Rs. 2642.00 and Rs. 2554.65 respectively. So far 59317 shares were traded on the counter.

Mphasis is currently trading at Rs. 388.80, up by 10.30 points or 2.72% from its previous closing of Rs. 378.50 on the BSE. The scrip opened at Rs. 379.95 and has touched a high and low of Rs. 394.80 and Rs. 375.25 respectively. So far 15220 shares were traded on the counter.

Mahindra Satyam is currently trading at Rs. 104.25, up by 0.65 points or 0.63% from its previous closing of Rs. 103.60 on the BSE. The scrip opened at Rs. 103.50 and has touched a high and low of Rs. 105.30 and Rs. 102.85 respectively. So far 338441 shares were traded on the counter.

Indian rupee depreciated to a week’s low level in early deals on Thursday tracing the sluggish local equities after Trinamool Congress, key ally of the country's ruling coalition, withdrew its support in protest against the government move of hiking diesel price hike and opening up the multi-brand retail sector. Meanwhile, feeble regional counterparts coupled with increased demand from oil importers, also weighed on the Indian currency. On the global front, Euro fell against the dollar and yen before data today forecast to show European services and manufacturing contracted, thereby adding to evidence that the region’s debt crisis is sapping growth.

The partially convertible currency is currently trading at 54.29, weaker by 29 paise from its previous close of 54.00 on Tuesday.