Indian stock markets picked up momentum in the afternoon trade amid firm global markets. At the closing, the BSE Sensex closed higher by 116.76 points at 32,506.72 and the NSE Nifty finished up by 38.40 points at 10,184.90. The BSE Mid Cap finished up by 0.5% whereas Small Cap finished up by 0.1%. Gains were mainly seen in stocks such as realty, software and power sectors.
Ultra Cement, Ambuja Cement, Bharti Airtel, HCL and Reliance are among the gainers, while Axis Bank, Infratel, Cipla Ltd, and Lupin are losing shine on NSE. Shares of Axis Bank continued to slide and lost 2.5% on BSE, with the stock extending post-result fall after the private sector bank reported its rise in bad loans on sequential and annual basis in Q2 Sept 2017.
Telecom stocks carried on its good run with Idea share price and Bharti Airtel leading the gains. Stocks of telecom companies were up post last week's news of Reliance Jio Infocomm increasing its tariff plans whereby indicating stability in the market may be around the corner.
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