Sensex ends up 113 pts

MUMBAI, Nov 22: Markets were trading near the day's high on sustained buying in metal and IT shares. BSE Sensex touched a high of 16,213 after gaining steadily for most part of the day. The Sensex was up 182 points at 16,128. Nifty added 41 points to 4,819. In India, markets are likely to remain volatile for the next two days as traders roll over positions in futures and options segment on Thursday. BSE metal and IT shares have jumped. IT index has moved up 2.6 per cent as the rupee depreciated to a fresh 32-month low of 52.15 against the dollar on Monday. A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion's share of revenue from exports. Heavyweight Infosys added 3 per cent at Rs 2,742. TCS and Wipro were up 1-2 per cent each. -Business Standard