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BSE IT Index rises over 2 pct

February 9, 2010

INDIA

Export-focused software stocks did well on Tuesday, helping boost the BSE IT Index 2.5 percent to its second straight day of gains.

The broader market ended 0.6 percent up with financials being among the losers.

Sensex heavyweights Infosys, Tata Consultancy Services and Wipro rose 2.9 percent, 1.4 percent and 2.4 percent respectively.

IT stocks have been getting support from the depreciating rupee which hit a seven-week low in the previous session.

All stocks in the IT Index, except Moser Baer, NIIT Tech and Tech Mahindra, ended in the green.

The index has given a net negative return of over 4 percent so far this year. Do you see an uptrend in this sector?

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