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Stock impact report

Indian shares rise as weak rupee boosts IT stocks [Reuters]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Reuters
Indian shares rise as weak rupee boosts IT stocks | Reuters Reuters Staff 3 Min Read * NSE index up 0.57 percent, BSE index climbed 0.55 pct * A weak rupee means higher returns from the U.S. for IT firms * Bajaj Finance hits record high, is top pct gainer on the NSE By Krishna V Kurup July 20 (Reuters) - Indian shares edged higher on Friday, driven by IT stocks such as Infosys Ltd and HCL Technologies Ltd, as the rupee hit an all-time low, while investors awaited the outcome of a no-confidence motion against the government. The Indian rupee hit a record low of 69.13 per dollar in early trade, tracking weakness in the yuan with traders monitoring the domestic stock market for further direction. A weaker rupee could translate into higher returns from the U.S. market, the biggest source of revenue for technology companies. Meanwhile, traders took a cautious stance amid talks that the Reserve Bank of India could step in to prevent a further decline in the currency. A no-confidence motion Show less Read more
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