IT stocks lead gains on Sensex, Nifty nears 6150

The BSE Sensex gained 0.39 per cent, while the broader Nifty was up 0.4 per cent on Wednesday. Indian markets tracked gains in Asian stocks, which rose following a positive lead from Wall Street.

Technology companies gained as recent fall in the rupee is making the sector more attractive, although a U.S. immigration bill seen hurting the sector remains an uncertainty. The rupee hits a fresh near six-month low in opening trades.

A U.S. Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation.

Infosys traded up 1.1 per cent, while Tata Consultancy Services gained 1.4 per cent.

Shares in Tech Mahindra gained 8 per cent after its January-March quarter net profit rose 24 per cent, beating estimates.

Zee Entertainment Enterprises gained 2 per cent, while Larsen & Toubro traded up 0.4 per cent ahead of the two companies' earnings later in the day.

Copyright Thomson Reuters 2013