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IT stocks in limelight, gain up to 4.5%

Press Trust of India  |  New Delhi 

IT stocks were on buyers' radar today, surging up to 4.5 per cent, after the rupee weakened to a fresh five-month low.

Shares of (TCS) rose by 4.04 per cent, 3.41 per cent and 0.28 per cent on BSE.

Among others, surged 4.47 per cent, 3.10 per cent and 1.59 per cent.

Led by gains in these stocks, the index jumped 3.18 per cent to end at 12,717.40.

TCS and were the biggest gainers on the BSE 30-share index.

will announce its fourth quarter results tomorrow.

Weak rupee is largely seen as positive for export-focused sectors.

Big IT companies earn a major chunk of their revenues in dollar from their US clients.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 12 2018. 16:45 IST