BSE Information Technology and Healthcare indices lost more than 2 percent while the rupee appreciated by 11 paise to 60.99 a dollar. This week, the domestic currency gained more than 100 paise.
Technology and healthcare stocks are taking huge knock on Friday as the rupee reached to 61 level against the dollar. These companies get major revenues by selling products overseas.
BSE Information Technology and Healthcare indices lost more than 2 percent while the rupee appreciated by 11 paise to 60.99 a dollar. This week, the domestic currency gained more than 100 paise.
At 13:48 hours IST, Infosys was down 2.86 percent to Rs 3,726.45 and TCS slipped 1.4 percent to Rs 2,209.45 while Wipro tumbled 3.76 percent to Rs 562.55.
HCL Technologies declined 0.89 percent to Rs 1,477 and Tech Mahindra plunged 4 percent to Rs 1,846 on the Bombay Stock Exchange.
Meanwhile, Sun Pharma , which have more than 70 percent revenues from export market in Q3FY14, lost 1.3 percent to Rs 613. Dr Reddy's Labs plunged over 4 percent, which received more than 90 percent revenues through exports in October-December quarter.
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