Indian IT stocks witnessed a rally on Thursday as rupee depreciated against US dollar. Local currency fell 30 paise or 0.47 percent against dollar to trade at 63.85. Any fall in rupee helps IT firms to get extra amount of revenues in INR terms on conversion from dollar.

TCS witnessed a gain of 2.56%, followed by Mindtree (1.67%), Infosys (1.45%), HCL Technologies (1.33%) and Eclerx (1.17%).

Today, rupee has witnessed a high of 63.70 and a low of 63.88. Its 52-week range was 58.34-63.89.