TCS, Infosys share prices settle flat after hitting lifetime highs on weaker rupee
TCS rallied 1.8 per cent to hit its fresh high of Rs 1886.20, while Infosys added 1.25 per cent to Rs 1293.90, its all-time high level. Investors, however, booked profits in the stocks with Infosys and TCS share prices settling flat.
A weaker rupee bodes well for Indian IT companies, as they earn a huge share of their revenues from exports. Image source: Reuters