Most Indian stocks gain

Most Indian stocks rose as software exporters climbed after the rupee weakened to a seven-month low amid concern the US Federal Reserve may raise interest rates. Tata Consultancy Services Ltd. (TCS), Infosys Ltd. (INFO) and Wipro Ltd., India’s largest technology companies, were the biggest gainers on the benchmark S&P BSE Sensex. (SENSEX) Jet Airways (India) Ltd. and SpiceJet Ltd. climbed after refiners cut aviation-fuel prices. The currency dropped 0.1 per cent to 61.82 per dollar. Six stocks climbed for every five that fell on the S&P BSE 100 Index. The Sensex dropped 0.1 per cent to 26,593.96 at 11:17 a.m., after changing direction at least 12 times before markets close for a five-day holiday starting tomorrow. Volume on the CNX Nifty Index was 8 per cent below the 30-day average for this time of day, data compiled by Bloomberg show. The Sensex lost less than 0.1 per cent last month, Tata Consultancy gained 1.6 per cent, taking this year’s advance to 28 per cent. Wipro (WPRO), the third-biggest software exporter, rallied 2.8 per cent. Infosys Ltd. added 1.2 per cent, according to bloomberg.com