Market Watch

Tuesday 25 March 2014

Stock Alert : IT Stocks Decline as Rupee Hits



IT stocks declined as rupee hit more than seven-month high against the dollar today, 25 March 2014.
Asian stocks were mostly lower as data showed a slowdown in US manufacturing and investors weighed the prospect of a recession in Russia.
Shares of Indian oil and gas producers slump after the country's election commission asked the government to defer a planned hike in gas prices due to start on April Reliance Industries Ltd falls 2.6 percent, while state-run Oil and Natural Gas Corp is down 2.5 percent. 
HDFC Bank Ltd is up 1.2 percent after earlier marking its record high at 760 rupees, while State Bank Of India Ltd gains 0.8 percent.

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