InfoTech stocks worst hit

The rupee appreciating to its nine-year high on Thursday hit blue chip IT counters the hardest in the stock markets with Wipro, TCS and Infosys suffering huge losses. The Stock market benchmark firmed up its position above the 16,000-point level, gaining a moderate 25 on a day when the domestic currency appreciated to record levels against dollar, leaving IT scrips in red. Most of the technology stocks reported a drop in share price. The IT sector index suffered a loss of 100.46 points from the previous close and was at 4390.75 at the end of the day8217;s trading session. Infosys dropped to an intra-day low of Rs 1,795 before settling for the day at Rs 1799.75, a decline of 2.89 per cent over its previous close. The country8217;s third largest IT firm Wipro was down 3.27 per cent from Wednesday8217;s closing.