INDIA STOCKS-Indian shares recoup most losses as rupee recovers; IT stocks gain
By Bharath Rajeswaran and Vivek Kumar M
April 2 (Reuters) - Indian equity benchmarks reclaimed most of their lost ground on Thursday, as a recovery in the rupee lifted investor sentiment after the central bank floated measures to curb speculation.
The Nifty 50 .NSEI was down 0.24% at 22,623.9 and the BSE Sensex .BSESN lost 0.22% to 72,973.64, as of 2:19 p.m. IST. The indexes fell as much as 2.2% earlier in the session.
The Indian rupee INR=IN jumped 2% to 92.94 per dollar after the central bank rolled out measures to curb a near one-way move in the currency over recent days.
Fourteen of the 16 sectors traded lower for the day. IT stocks .NIFTYIT rose 2.4%, leading the recovery, as investors await fourth-quarter earnings from companies.
Despite the intraday recovery, the benchmark indexes have lost roughly 0.6% so far this week, and are on course for a sixth consecutive weekly loss.
