rupee strong at the opeing by 70 paisa dollar weak thats why IT going down also its a defensive sector so interest is less on day's like today. if rbi start buying dollars may be some upmove may happen on intraday basis
This is a gap up market. Depends upon the reason for gap-up some times. This gap up is from the expected stable govt. Which implies strength in local currency and so export companies may not show strength.