Eight IT stocks rose by 0.47% to 1.99% at 10:08 IST on BSE amid recent weakness in rupee against the dollar.
Tech Mahindra (up 1.99%), Infosys (up 1.84%), Mahindra Satyam (up 1.50%), Hexaware Technologies (up 1.07%), TCS (up 1.04%), MphasiS (up 1.01%), HCL Technologies (up 0.63%) and CMC (up 0.47%), edged higher.
The BSE IT index was up 1.30% at 6,003.20. It outperformed the Sensex, which was down 0.16% at 18,688.57.
The BSE IT index had outperformed the market over the past one month till 20 June 2013, falling 0.94% compared with the Sensex's 7.44% fall. The index had, however, underperformed the market in past one quarter, falling 13.17% as against Sensex's 0.87% fall.
The rupee was currently trading at 59.69/70 to the dollar, near a record low of 59.9850 hit on Thursday, 20 June 2013.
A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.
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