01.10.201409:17:27UTC+00Indian stocks advance on strong software exports, weak rupee

Majority of Indian stocks rallied with the advanced as software exporters rose on the weakening rupee that stooped to its lowest in seven months amid Hong Kong protests and poor US consumer confidence data.

The Sensex shed 0.1% to 26,593.96, 11:17 am. The gauge swung from gains and losses at least 12 times before settling at the close of the trade. Starting tomorrow, the Indian market will undergo a five-day holiday. The trend showed that for every six stocks climbing, five dropped in the S&P BSE Index.

Tata Consultancy Services Ltd., Infosys Ltd., and Wipro Ltd. led the market in an advance for software exporters.

Hong Kong demonstrators entered the sixth day of protests as the call for Chief Executive of Hong Kong, Leung Chun-ying’s step down faces a deadline. Tens and thousands of protesters is expected to grow as China enters the Golden Week. Meanwhile, US consumer confidence data went lower than had been anticipated.