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Weak rupee boosts tech stocks ahead of Infy Q4 earnings; Sensex, Nifty gain

Showstopper BSE IT index gained 3.2 per cent on Thursday, the most since January 16

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Samie Modak Mumbai
A robust rally in technology stocks, ahead of the March quarter results announcement by Infosys, helped the benchmarks propel for the sixth straight session.

Showstopper BSE IT index gained 3.2 per cent on Thursday — the most since January 16 — buoyed by sharp gains in Tata Consultancy Services (TCS) and Infosys. Shares of TCS gained 4 per cent, helping it once again surpass the Rs 6-trillion mark in market capitalisation. Infosys gained 3.4 per cent ahead of its results. The IT services major will kick off the earnings season on Friday after market hours.

The BSE Sensex finished the