The rupee is trading at Rs 46.90 to a dollar. This is probably because the company's ADR on the US bourses saw heavy buying. This is probably because of rumours of a buy back by the parent company. Apart from these only banking stocks are in the reckoning. A CRR cut by RBI on Saturday evening seems to have spurred the buying interest in the sector.
Software continues to be down.
Market movers seem to have adopted a wait an watch policy on these counters as they wait for Sebi's decision on the proposed ban of carry forward. Quantum Information Services Ltd. All rights reserved. All rights reserved.