IT Stocks Surge Amid Record-Low Rupee, Gaining 1% in Nifty Index

miércoles, 3 de diciembre de 2025, 1:25 am ET1 min de lectura
WIT--

The Nifty IT index rose 1% in Wednesday's trade, led by Tata Consultancy Services and Wipro, which gained 2% each. The Indian rupee hit a record low of 90.28 against the US dollar, benefiting IT stocks as they earn a significant portion of their revenue in dollars. The sector's Q2 earnings saw a positive surprise in EBIT margins due to the rupee's depreciation, but underlying pressure points exist.

IT Stocks Surge Amid Record-Low Rupee, Gaining 1% in Nifty Index

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