Sensex is up by 0.97 per cent and Nifty rises by 0.88 per cent
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Mumbai: The BSE Sensex is up by 0.97 per cent, while the broader Nifty is 0.88 per cent higher, as per the official reports. Power stocks gain on hopes Narendra Modi, India's incoming prime minister, would focus on removing bottlenecks in the sector, dealers say.
NTPC Ltd gains 2.6 per cent, while Tata Power Co.is up 1.9 per cent. ITC edges up 0.7 per cent and State Bank of India is up 0.69 per cent, ahead of respective Jan-March earnings later in the day.
Reliance Communications surges 2.6 per cent after the Financial Times reported that the Indian company was in talks with China's Citic Telecom over an undersea cable joint venture.
( Source : reuters )
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