Exporters gain on weak rupee

Reuters Market Eye - Shares in exporters gain after the rupee weakened to its lowest level in more than a month on Monday as surging crude oil prices threatened to push up domestic inflation pressures and aggravate the country's current account deficit.

Investors expect IT companies to realise better margins if the rupee remains weak in the current quarter.

Among software exporters, Infosys gains 2.05 percent, while Wipro advances 1.4 percent.

Among drugmakers, Biocon is up 0.64 percent, while Sun Pharmaceutical Industries rises 1.4 percent.

(Reporting by Abhishek Vishnoi)