Sensex gained 103 points, which is at its up-most level since 5th February, 2008, especially in the IT sector, in the midst of expectations of a weak rupee against the US dollar boosting the earnings of the software export.

The BSE Sensex gained almost 247 points in the last couple of trading sessions, which further increased by 102.61 points, or 0.57 percent today.

Meanwhile, the broad-based National Stock Exchange index Nifty increased to 5,467.85 points, a rise by 28.30 points, or 0.52 percent.

According to market analysts, the sentiment of the trade was boosted by the weak rupee against the US dollar thereby increasing the hopes of the software exporting companies, since a weaker rupee increases the value of the sales made by the software companies in U. S dollars in foreign lands when converted into the local currency.

In the Sensex, 20 stocks ended in green while 10 closed at red. The gains were lead by the IT, Tech, capital goods and power sector shares, with the IT sector gaining the most with a 3.26 percent rise.

On the contrary, Reliance Industries fell to Rs. 1,015.90, Rs 10.20 down, on the Sensex.