Eleven IT stocks rose by 0.28% to 2.76% at 15:05 IST on BSE as the rupee weakened against the dollar.
Hexaware Technologies (up 2.76%), Tech Mahindra (up 2.19%), MindTree (up 2.79%), Wipro (up 0.5%), Larsen & Toubro Infotech (up 0.65%), Oracle Financial Services Software (up 0.82%), HCL Technologies (up 1.52%), MphasiS (up 0.9%), Persistent Systems (up 0.37%), Infosys (up 1.72%) and TCS (up 0.28%) edged higher.
IT shares were trading higher after the rupee fell to a record low against the dollar as a currency turmoil in Turkey sparked worries of potential market contagion.
A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 69.80, compared with closing of 68.8350 during the previous trading session.
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