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Sensex eyes 26000, Nifty firm; Bharti, Tata Steel decline

Bharti Airtel and Idea Cellular were down 1-1.5 percent after Reliance Industries’ subsidiary Reliance Jio rolled out its 4G service for its employees. Commercial launch of Reliance’s 4G service is expected in early 2016 and financial year 2016-17 will be the first full year of commercial operations.

11:00

TheNewsInternational Team

The market continued to see buying interest with the Sensex eyeing 26000-mark on short covering and some value buying in select stocks. The broader markets gained too with the BSE Midcap and Smallcap indices gaining 0.4-0.6 percent.

The 30-share BSE Sensex advanced 132.75 points or 0.51 percent to 25971.46 and the 50-share NSE Nifty rose 39.15 points or 0.50 percent to 7900.20. More than two shares advanced for every share declining on the Bombay Stock Exchange.

Bharti Airtel and Idea Cellular were down 1-1.5 percent after Reliance Industries’ subsidiary Reliance Jio rolled out its 4G service for its employees. Commercial launch of Reliance’s 4G service is expected in early 2016 and financial year 2016-17 will be the first full year of commercial operations.

Tata Steel was down 1.7 percent while ICICI Bank, Tata Motors, Sun Pharma, Lupin, Dr Reddy’s Labs and NTPC gained 1-2 percent.

Disclaimer: Reliance Industries owns Network 18, which publishes Moneycontrol.com

10:00

Sensex extends gains, Nifty hits 7900; Tata Motors surges

Tata Motors topped buying list on the Sensex, up 2 percent followed by ICICI Bank, NTPC, Reliance Industries and Lupin with 1 percent upside. Bharti Airtel and Tata Steel were losers.

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09:15

Sensex, Nifty open higher; ICICI, Reliance lead gainersRead More »

The Indian rupee opened higher in early trade today. It has gained 11 paise at 66.10 per dollar versus 66.21 Wednesday.

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