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Nifty holds 8100; IT leads, Bharti Airtel spikes again

Technology majors Infosys, TCS and Wipro gained 1-2 percent while top telecom operator Bharti Airtel topped the buying list, up over 3 percent. Among metals, Tata Steel, Sesa Sterlite and Hindalco rose 1-2 percent.

10:16

The News International Team

Nifty holds 8100; IT leads, Bharti Airtel spikes again

Equity benchmarks remained in a positive terrain supported by telecom, technology, metals and Tata group stocks. The Sensex rose 72.70 points to 27092.09 and the Nifty climbed 21.65 points to 8104.70.

The BSE Midcap and Smallcap indices gained 0.5 percent and 0.4 percent, respectively. About 1231 shares have advanced, 798 shares declined, and 91 shares are unchanged.

Technology majors Infosys, TCS and Wipro gained 1-2 percent while top telecom operator Bharti Airtel topped the buying list, up over 3 percent. Among metals, Tata Steel, Sesa Sterlite and Hindalco rose 1-2 percent.

Commercial vehicle maker Tata Motors rallied 1.5 percent after Jefferies upgraded the stock to a buy with a target price of Rs 627 on the back of great product momentum in JLR, recovering domestic truck market and most importantly, on lesser concerns on sustainability of profitability in China.

However, ICICI Bank, ONGC, ITC, HDFC Bank, GAIL, Sun Pharma, M&M, SBI, Hero Motocorp and Dr Reddy’s Labs fell 0.3-2 percent.

09:15

Nifty holds 8100; Bharti gains 3%, Tata Motors up 2%

Tata Motors, NTPC, Tata Power, HDFC and GAIL are top gainers in the Sensex. Among the losers are Hindalco, Coal India, Bharti Airtel and Dr Reddy’s Labs.

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