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ITHigh impactPre-market

IT index gains nearly 4% as rupee weakens

pre-market1 source ↓written by the desknot a recommendation

on Monday
2.43%
over two days
4%
against the dollar
96.3325
decline last week
5.7%

The Nifty IT index surged 2.43% on Monday, extending its rise to nearly 4% over two days, driven by a weaker rupee at 96.3325 against the dollar. This trend benefits IT firms like Persistent and Coforge, which earn a significant portion of their revenue in dollars. The sector's recovery follows a 5.7% decline last week.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 May 2026, 07:12 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PERSISTENT closed +2.5% on the day of the news, from ₹4,944.10 to ₹5,066.30; Nifty −0.1% over the same session; futures OI −1.9%.

Bulletin at 07:12 IST on 19 May 2026. Every change is measured from ₹4,944.10, the last close before it, on 18 May. Nifty 50 is measured over the same sessions.

  • PERSISTENT close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
PERSISTENT closes around the bulletin against the close before the news, with Nifty 50 rebased to it439049445498axis spans 25%before the news · 18 May4944Nifty 50PERSISTENTbulletinD0+1+3+512 May22 May3 JunFutures open interest, lotspeak 32,000Reference close ₹4,944.10. 16 sessions from 12 May to 3 Jun; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before18 May₹4,944.10basebase
On the day19 May₹5,066.30▲ +2.5%▼ −0.1%+2.6 pp difference
+1 session20 May₹5,084.10▲ +2.8%0.0%+2.8 pp difference
+3 sessions22 May₹4,970.30▲ +0.5%▲ +0.3%+0.2 pp difference
+5 sessions26 May₹5,105.80▲ +3.3%▲ +1.1%+2.1 pp difference
Gap at the open, % · ₹
▲ +0.3%+17.30 on 19 May
Day's range, % · ₹
4.6%≈ 230 high to low
Volume on the day
1.20×the 20-session average
Futures OI on the day
▼ −1.9%−580 lots · short covering · price +2.5%
Futures OI open, lots
30,00019 May · 26 May expiry
Futures premium, ₹
+1.900.0% to spot
Puts per call, by OI
0.85from 0.75 the session before
Max pain
4,950from 4,900 the session before

Source NSE UDiFF bhavcopy · PERSISTENT on the desk →

Thread · PERSISTENTAll PERSISTENT bulletins →

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