Indian IT Stocks Gain 1% Amid Weak Market and Weakening Rupee
ByAinvest
Friday, Mar 27, 2026 1:08 am ET1min read
WIT--
HCLTech, TCS, and Wipro stocks rose 1% in a weak market as the Indian rupee hit a new low against the US dollar. The buying came after the rupee fell to 96.16, boosting the value of IT companies' dollar-denominated earnings. Analysts say Indian IT companies have been neglected due to weaker growth and limited visibility, but remain attractive due to solid return on equities and disciplined capital allocation.
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