Bharti Airtel is in focus as the company has decided not to implement the proposed launch of VoIP packs.
The News International Team
The market is comfortably holding on its gains. The Sensex is up 212.38 points or 0.8 percent at 27454.16. The Nifty is up 63.85 points or 0.8 percent at 8264.55. About 1557 shares have advanced, 684 shares declined, and 90 shares are unchanged.
Brokers said revival of buying by foreign funds, though selective on the Indian bourses after remaining net sellers and buying by retail investors, buoyed trading sentiments.
Bharti Airtel is in focus as the company has decided not to implement the proposed launch of VoIP packs. Metal stocks led by Sesa Sterlite, Tata Steel, Hindalco, Tata Motors and Coal India are top gainers in the Sensex.
Rupee, however, has fallen due to persistent month end dollar demand.
Globally, Asia is mixed. The Nikkei has given up all of its gains reacting to a suspected Ebola case spooking sentiment.
US crude rose more than USD 1 in early Asian trade, reversing a fall in the previous session as escalating clashes in Libya threatened oil exports and supply disruptions from the OPEC member. Both US crude and Brent climbed on renewed geopolitical concerns and the possibility of increased demand for oil on new fiscal stimulus packages by China and Japan.
The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices gaining 0.8 percent. More than three shares advanced for every share declining on the Bombay Stock Exchange.
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The Indian rupee declined in the early trade. It opened lower by 10 paise at 63.66 per dollar versus 63.56 Friday.
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