Business Standard

BSE Sensex gains; record low rupee boosts IT stocks

Image

Reuters

Reuters Market Eye - The BSE Sensex is up 0.40 percent and the broader Nifty is up 0.41 pct, even after the rupee falls to a record low. Markets tracking a rally in global equities, as U.S. jobs data was solid but not strong enough to spawn new worries about near-term tapering of the Federal Reserve's stimulus.

Still, dealers expect markets to remain volatile as weakening rupee may lead foreign investors to pare positions.

IT stocks such as Infosys Ltd , Tata Consultancy Services Ltd , Tech Mahindra Ltd gain after rupee hit record low.

(Reporting by Himank Sharma)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 10 2013 | 10:29 AM IST

Explore News