Closing Bell: Sensex ends 186 points higher, Nifty above 10,200; Bharti Airtel up 9%

A positive end for the market, with the Nifty closing above 10,200. The Sensex ended over 180 points higher.

Barring pharma, all the sectors ended in the green, with infrastructure and metals ending the day at high points. The Nifty Midcap index also ended a percent higher.

A fall in crude prices to USD 75 per barrel boosted sentiment on D-Street in the last hour, which led to the market making a complete turnaround.

At the close of market hours, the Sensex was up 186.73 points or 0.55% at 34033.96, while the Nifty shut 78.00 points or 0.77% higher at 10224.80. The market breadth was narrow as 1,345 shares advanced, against a decline of 1,203 shares, while 1,045 shares were unchanged.

Shares of Bharti Airtelended 9 percent higher ahead of Q2 results as well asAirtel Africa announcing that six leading global investors comprising Warburg Pincus, Temasek,Singtel, SoftBank Group International and others have agreed to invest USD 1.25 billion through a primary equity issuance in the company at a post money equity value of USD 4.4 billion, comapny said in release.

Cholamandalam Investment and Finance gained 6 percent after ICRA assigned A1+ rating to the Rs 7,500 crore (enhanced from Rs 6,000 crore) commercial paper.

Gold prices spurted by Rs 150 to trade at this year's high of Rs 32,500 per 10 grams at the bullion market Wednesday on persistent buying by local jewellers amid a firm trend overseas.

Silver, however, shed Rs 20 to Rs 39,730 per kg owing to reduced offtake by industrial units

Source: PTI

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The Indian rupee is trading higher by40paiseat73.17 per dollar versus previous close 73.57 on the back falling crude oil prices and on dollar selling by banks and exporters.

: The company's September quarter net profit was up 7.2 percent at Rs 45.3 crore against Rs 42.3 crore. Revenue was up 7.1% at Rs 427.7 crore against Rs 399.2 crore, YoY.

: Sundaram-Clayton reported Q2 net profit at Rs 12.1 crore versus Rs loss of Rs 40.5 crore. Revenue was up 18.5 percent at Rs 488 crore against Rs 411.8 crore, YoY.

At 14:35 hrs Sundaram-Clayton was quoting at Rs 3,730.00, down Rs 99.85, or 2.61 percent on the BSE.

Brent crude prices aretradingdown by 1.60 percent at USD75.22 per barrel.

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: Benchmark indices has wiped-out all its morning gains with Nifty slipped below 10,150 level.

The Sensex is down 76.42 points at 33770.81, while Nifty is down 8.80 points at 10138. About 1106 shares have advanced, 1293 shares declined, and 1192 shares are unchanged.

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