Sensex near three-week high; IT shares lead

Reuters Market Eye - The BSE Sensex gains 0.17 percent, recovering from an early fall, while the broader Nifty is also up 0.14 percent. Both are at their highest intraday levels since January 29.

Software stocks gain on continued optimism about U.S. business outlook, dealers say.

Infosys gains 1.2 percent, Tata Consultancy Services is up 0.8 percent, while Wipro Ltd rises 0.7 percent.

Also boosting sentiment, overseas investors bought Indian shares worth 2.92 billion rupees on Tuesday, provisional exchange data shows.

(Reporting by Abhishek Vishnoi)