BSE Sensex gains; IT leads

Reuters Markete Eye - The BSE Sensex gains 0.39 percent, while the broader Nifty is up 0.4 percent. Asian stocks rose on Wednesday following a positive lead from Wall Street.

Technology companies gain as recent falls in the rupee are making the sector more attractive, although a U.S. immigration bill seen hurting the sector remains an uncertainty. The rupee hits a fresh near six-month low in opening trades.

A U.S. Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.

 

Infosys Ltd is up 1.1 percent, while Tata Consultancy Services Ltd gains 1.4 percent.

Shares in Tech Mahindra Ltd gain 6 percent after its January-March quarter net profit rose 24 percent, beating estimates.

Zee Entertainment Enterprises Ltd gains 2 percent, while Larsen & Toubro Ltd is up 0.4 percent ahead of the two companies' earnings later in the day.

(Reporting by Abhishek Vishnoi)