Mumbai: It is seen in the early trades today that the Indian markets are on a positive outlook with a big bang santa rally, Nifty moving in the direction of 11000 mark. However, IT stocks loom in the red over strengthening Rupee over concerns of lower Forex conversion inflows from exports by Indian IT firms. It is a second straight strong move upwards for the Rupee in two consecutive trading days.
Among TOP 10 losers on NIFTY at 9.43 am are 4 IT scrips:
INFY 667.40 (-9.20)
Tech Mahindra 701 (-8.0)
TCS 1,987.85 (-14.80)
HCL Tech 980.10 (-5.10).
