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Sensex gains 100 points, Nifty tops 11,900; Voda Idea surges 17%

RIL, Bharti Airtel, HDFC Bank and Axis Bank were among major index contributors.

ETMarkets.com|
Nov 19, 2019, 09.54 AM IST
0Comments
AP
BSE---AP
Telecom stocks surged after a day after Vodafone Idea and Bharti Airtel announced a hike in tariffs from December 1.
NEW DELHI: Amid lack of any major cues, domestic equity market opened with minor gains on Tuesday. Traders are waiting for any material development on the US-China trade front.

BSE Sensex was up 92 points at 40,376 while NSE barometer Nifty rose 24 points to 11,908. The broader market also traded in line with their headline peers. Nifty Midcap was up 0.24 per cent to 16972 while Nifty Smallcap jumped 0.58 per cent to 5,721. Nifty 500 was up 0.15 per cent to 9684.

RIL, Bharti Airtel, HDFC Bank and Axis Bank were among major index contributors.

Bharti Airtel was the biggest gainer in the 30-share pack Sensex. Among other gainers were YES Bank, up 1.75 per cent at Rs 67.05 and Tech Mahindra that added 1.75 per cent to Rs 764.60.

BSE snip 19
Source: BSE

Telecom stocks surged after a day after Vodafone Idea and Bharti Airtel announced a hike in tariffs from December 1. The former was up 16.33 percent to Rs 5.20 while the latter was up 4.79 petr cent to Rs 428.75. Bharti Infratel also jumped 5.20 per cent to Rs 238.60 on NSE.

SBI Life tanked 6.15 per cent in the early trade to Rs 938.05 amid reports that Carlyle Group trimmed stake in the company.


Globally, Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of US-China trade negotiations left investors bereft of trading motivation.

MSCI's broadest index of Asia-Pacific shares outside Japan inched 0.2 per cent higher as hopes for stimulus in China lifted Shanghai blue chips by 0.8 per cent and Hong Kong's Hang Seng by 1 per cent.

Japan's Nikkei, however, shed 0.2 per cent and South Korea's Kospi 200 dropped 0.3 per cent. Australia's S&P/ASX 200 rose 0.4 per cent.

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Sensex, Nifty open with gains; Infosys plunges

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