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Markets were volatile, but were trading higher in the morning trade on Tuesday.
The benchmark S&P BSE Sensex was at 40,400 level supported by buying in index heavyweights. Bharti Airtel, the top performer, gained over 4 per cent after the company said it would hike tariff from December 1 to arrest revenue fall. On the downside, Vedanta slipped over 1 per cent to trade as the top loser.
On the NSE, the broader Nifty50 was testing 11,900-mark.
On the sectoral front, indices were trading mixed. Nifty Private Bank index jumped the most, up 0.53 per cent on NSE, while Nifty Metal index declined over 0.7 per cent.
In the broader market, the small-caps were faring better with the S&P BSE Small-cap index up 0.45 per cent. The S&P BSE Mid-cap index, however, was trading unchanged.
Markets were volatile, but were trading higher in the morning trade on Tuesday.
The benchmark S&P BSE Sensex was at 40,400 level supported by buying in index heavyweights. Bharti Airtel, the top performer, gained over 4 per cent after the company said it would hike tariff from December 1 to arrest revenue fall. On the downside, Vedanta slipped over 1 per cent to trade as the top loser.
On the NSE, the broader Nifty50 was testing 11,900-mark.
On the sectoral front, indices were trading mixed. Nifty Private Bank index jumped the most, up 0.53 per cent on NSE, while Nifty Metal index declined over 0.7 per cent.
In the broader market, the small-caps were faring better with the S&P BSE Small-cap index up 0.45 per cent. The S&P BSE Mid-cap index, however, was trading unchanged.
BUZZING STOCKS
Shares of SBI Life Insurance Company slipped over 6 per cent in the opening deals on Tuesday after reports said 3.37 crore shares or 3.4 per cent equity worth Rs 3,222 crore of the company traded in multiple block deals at an average price of Rs 945 per share.
Shares of Zee Entertainment slipped up to 2.7 per cent to Rs 286 on the BSE on Tuesday after Brickwork Rating agency downgraded the company's 6 per cent Cumulative Redeemable Non-Convertible Preference Shares and the Issuer rating.
Stocks of telecom operators Bharti Airtel and Vodafone Idea surged in Tuesday's early morning trade after the two firms announced they will hike tariffs, starting December 1. While Airtel's shares climbed 5 per cent to Rs 430.80 apiece to log a fresh 52-week high, Vodafone Idea zoomed 20 per cent to Rs 5.35 on the BSE
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