Gold Silver Reports (GSR) – IT Stocks Rise As Rupee Hits Record Low Against Dollar – Shares of the information technology companies were trading higher after Indian rupee weakened below 69 per dollar for the first time.
The BSE’s IT index rose 0.6 percent in an otherwise subdued market as a weak rupee augurs well for revenues of IT companies as they earn sizeable chunk in dollars.
Mercator Surges On Bagging Mining Lease For 20 Years
Shares of the Mumbai-based mining company rose as much as 7 percent, the most in over a month, to Rs 22.95.
Gujarat government has awarded a mining lease to the company for exploiting 23 million barrels of oil for a period of 20 years, the company said in an exchange filing.
HCL Technologies Up On HSBC Upgrade
Shares of the Noida-based IT company rose over a percent after foreign brokerage firm HSBC upgraded the stock to ‘buy’ from ‘hold’ and raised its target price to Rs 1,065 from Rs 1,050.
Talwalkars Better Value Fitness Rises A Day Ahead Of Listing Of Talwalkars Lifestyles
Shares of the Mumbai-based fitness centre operator rose as much as 4.93 percent to Rs 47.85 a day ahead of its demerged entity Talwalkars Lifestyles gets listed on stock exchanges.
