NEW DELHI: IT stocks were trading mixed in Thursday's session amid wobbly rupee.
The rupee Thursday recovered from its all-time low by rising 9 paise to 71.66 against the US dollar in early trade at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters and banks.The Nifty IT was trading 0.03 per cent down at 16,035 around 11:20 am.
Tata Elxsi (down 1.79 per cent), Mindtree (down 0.74 per cent), Tata Consultancy Services (down 0.54 per cent), Tech Mahindra (down 0.35 per cent), KPIT Technologies (down 0.19 per cent) and Infibeam Avenues (down 0.13 per cent) were among the top losers in the IT index.
Infosys (up 0.58 per cent), Oracle Financial Services Software (up 0.51 per cent), Wipro (up 0.45 per cent) and HCL Technologies (up 0.08 per cent) were trading with gains around that time.
Equity market was in the positive territory on gains in power, metal, bank, auto and FMCG counters.
Benchmark NSE Nifty50 index was up 35.85 points at 11512.8, while the BSE Sensex was up 139.37 points at 38,157.68.
Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red.
Power Grid Corporation, Ultratech Cement, Tata Steel, Lupin and Kotak Mahindra Bank were among the top gainers, while Zee Entertainment Enterprises, Hindalco Industries, ONGC, Axis Bank and Tata Consultancy Services were among the top losers in the Nifty index.