September 4, 2013

Sensex gains 300 pts; rupee recovers, TCS & Infy up






Real estate companies lost 2.5-3% as the RBI  has objected strongly to builders schemes like 80:20, saying it should not be paid upfront to developers and wants home loans to be linked to stage of completion of the project.

Technology stocks are the real drivers today with the BSE IT Index rising 2.7 percent. TCS and Infosys rallied 3% each while Wipro gained 2%.


Indian rupee seen V-shape recovery, gaining 4 paise to 67.59 against the US dollar. 

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