Sensex Rises Over 200 Points


Mumbai: Sensex index rose as much as 211.41 points to touch 40,495.60 on the upside in afternoon deals, and the broader NSE Nifty benchmark climbed to as high as 11,945.15, up 60.65 points from the previous close

Gains in banking, pharma, energy and infrastructure shares pushed the markets higher, however, losses in auto, metal and consumer goods shares limited the upside. Telecom stocks jumped after Bharti Airtel and Vodafone Idea announced their decision to hike tariffs from next month.

Analysts say the higher tariffs will augur well for the companies amid high competition in the telecom industry.

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