April 12, 2018 / 5:52 AM / 2 months ago

BUZZ-Indian IT stocks rise; TCS, Infy top gainers

** Indian IT stocks rise, with the Nifty IT index gaining as much as 2.9 pct to its highest level since Feb. 2

** Stocks are advancing on expectations of positive results from IT companies while a weaker rupee is also helping, an analyst with a domestic brokerage said

** Indian rupee slipped to 5-month lows against the dollar in early trade, tracking weak global risk appetite, a sustained rally in oil prices and greenback purchases across several foreign and private banks, news agency NewsRise Financial reported

** Infosys Ltd which is due to report results on Friday, rises as much as 2.9 pct to 1156.25 rupees, its biggest intraday pct gain in over 6 weeks

** Tata Consultancy Services gains as much as 3.5 pct to 3119.80 rupees, its highest since March 6; stock posts biggest intraday gain since Feb. 21

** The index, up for a third straight session, posts its biggest intraday pct rise since Jan. 24

** TCS and Infosys were among the top pct gainers on both the NSE and the BSE indexes

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