Shares in Indian IT companies gained today, tracking weakness in the rupee and as recent underperformance makes their short-term valuations attractive, dealers say.
Tata Consultancy Services Ltd was up 1.15 per cent, Wipro Ltd gained 4.22 per cent, while Infosys Ltd edged up 0.81 percent.
The rupee was weaker in early trade on Tuesday, tracking weakness in most Asian peers ahead of the U.S. Federal Reserve's meeting, where it is widely expected to announce tapering of bond purchases.
BSE IT index fell 4.7 per cent in previous four days, mainly on the rupee's appreciation compared with a 1.3 per cent fall in the BSE Sensex in the same period.
Tata Consultancy Services Ltd was up 1.15 per cent, Wipro Ltd gained 4.22 per cent, while Infosys Ltd edged up 0.81 percent.
The rupee was weaker in early trade on Tuesday, tracking weakness in most Asian peers ahead of the U.S. Federal Reserve's meeting, where it is widely expected to announce tapering of bond purchases.
BSE IT index fell 4.7 per cent in previous four days, mainly on the rupee's appreciation compared with a 1.3 per cent fall in the BSE Sensex in the same period.
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