The market erased all its morning gains and ended marginally higher with Nifty able to close above 10,850 and Sensex above 35,700 mark. Meanwhile, among the sector, IT, pharma and PSU banking stocks have outperformed, while auto, infra and metal remained under pressure. TCS, Infosys, Wipro, HCL Tech and Tech Mahindra are the top gainers in the IT space. The Sensex up 46.64 points at 35739.16, and the Nifty up 13.80 points at 10856.70. About 1280 shares have advanced, 1366 shares declined, and 178 shares are unchanged.
Shares of top telecoms operators Airtel, Idea Cellular and Reliance Communications dropped as much as 6 percent after Reliance Jio introduced an offer of giving more data to users.
The firm is offering 1.5 GB additional data per day to customers on all pre-paid plans priced in the range of Rs 149 to Rs 799.
“Airtel introduced 1GB per day additional data on Rs 149 and Rs 399 price points only for a limited users. Jio will now provide 1.5 GB per day additional Jio 4G data to every pre-paid Jio user,” a company source told PTI.
To know more about us or our services, kindly visit www.aceinvestmentadvisory.com
Best Investment adviser in India & Genuine Stock advisory company