Sensex up nearly 1 pct; IT sector gains on weak rupee

Reuters Market Eye - The BSE Sensex and the broader Nifty gain nearly 1 percent each, overcoming a choppy start, as technology firms rise on the back of a weakening rupee

A wining session would snap a two-day losing streak, placing the Sensex once again above 21,000 and near a record high of 21,321.53 hit in a special trading session on Sunday.

Tata Consultancy Services Ltd is up 2.3 percent, Infosys Ltd rises 2.7 percent, Wipro Ltd is higher 1.2 percent and HCL Technologies Ltd gains 3.2 percent.

The partially convertible rupee trading at 62.54/55 per dollar after hitting 62.66, its weakest in more than a month earlier in the session.

 

(Reporting by Swati Bhat)