BusinessPhoto: NDTV BusinessInfosys, Tech Mahindra Lead IT Stock Losses; HCLTech, Persistent Rise
Half of Indian IT stocks fell on Monday due to a global tech selloff and a stronger rupee. Infosys dropped over 2% to Rs 1,134.35, Tech Mahindra fell more than 2%, and Oracle Financial Services declined nearly 2%. Meanwhile, HCL Technologies, TCS, and Persistent Systems gained up to 2.9%, 1.4%, and 1.3% respectively. The Nifty IT index was down 0.4%, impacted by global tech weakness and RBI dollar sales supporting the rupee, which rose 17 paise to 94.79.
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