The Bombay Stock Exchange benchmark index, Sensex, wiped out early losses to close with a 95-point gain, extending its winning run to a third day on late buying.

After dipping to 19186.24 intra-day, on heavy profit-booking, the index rebounded about 300 points to end at 19486.80, a rise of 94.94 points.

However, IT stocks capped the index’s gains. The broad-based National Stock Exchange index, Nifty, moved up by 30.40 points to end at a 23-month high of 5930.90.

IT growth outlook

Shares of IT companies fell by as much as 3 per cent on growth outlook worries, triggered by a Cognizant filing in a U.S. exchange.

Infosys shares ended 1.84 per cent lower at Rs.2,338.50 on the Bombay Stock Exchange (BSE), becoming the top loser. TCS was down 1.14 per cent, while Wipro lost 0.33 per cent.

Among others, Hexaware Tech plunged 3.01 per cent, while HCL Tech fell by 2.03 per cent and Tech Mahindra (0.61 per cent).

Rupee shoots up

The rupee rose by 40 paise to touch a one-month high of 54.14 against the dollar on hopes of strong fund flows. The rupee swung between 54.04 and 54.58 during the day at the inter-bank foreign exchange market.

However, recovery in stocks helped the rupee bounce back and end the day at 54.14. — PTI