Indian equity benchmarks extended gains with the NSE Nifty inching towards 5650 level, helped by stocks that saw selling pressure yesterday. Cigarette major ITC and country’s second largest software services exporter Infosys gained 1.6 percent each.
The Sensex gained 66.5 points to 18,537.90 and the Nifty went up 13 points to 5,644.05.
Bharti Airtel rallied over 2 percent, rising consistently since the end of second generation spectrum auction. Its rivals Idea Cellular and Reliance Communications too were up 1-1.7 percent.
Engineering conglomerate Larsen & Toubro, steel producer Tata Steel and state-run oil & gas producer ONGC climbed 1 percent each.
India’s biggest lender State Bank of India gained 0.6 percent whereas its rival ICICI Bank fell 0.7 percent.
Housing finance company HDFC and commercial vehicle maker Tata Motors were down 0.7 percent each.
Drug producer Cipla, software services exporter HCL Tech and oil & gas producer Cairn India went down 1 percent each.
In the second line shares, Amtek India and Tata Coffee surged over 10 percent.
Strides Arcolab and Apollo Hospital gained over 6 percent