BSE Sensex gains; record low rupee boosts IT stocks

Reuters Market Eye - The BSE Sensex is up 0.40 percent and the broader Nifty is up 0.41 pct, even after the rupee falls to a record low. Markets tracking a rally in global equities, as U.S. jobs data was solid but not strong enough to spawn new worries about near-term tapering of the Federal Reserve's stimulus.

Still, dealers expect markets to remain volatile as weakening rupee may lead foreign investors to pare positions.

IT stocks such as Infosys Ltd , Tata Consultancy Services Ltd , Tech Mahindra Ltd gain after rupee hit record low.

(Reporting by Himank Sharma)