IT shares defy Stock Market Bloodbath: Rupee dip fuels outperformance

Amidst a significant market downturn on Dalal Street, Indian IT stocks like Persistent Systems, Wipro, and HCLTech defied the 'bloodbath' to post gains. While the broader market plunged due to global turmoil, the IT sector showcased resilience.

Mumbai: On a day when there was a blood bath on Dalal Street, the shares of IT companies such as Persistent Systems, Wipro, LTIMindtree, Coforge and HCLTech appreciated on Monday. Almost all the sectors were in the Red in the Monday trade, however, IT stocks outperformed the market sentiments.

Persistent Systems shares settled in positive territory at Rs 4,782, Wiprio closed at Rs 198.60 with 1.64 per cent gains, LTI Mindtree counter settled with marginal appreciation at Rs........

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