Thursday, 23 February 2017

Nifty hovers around 8950; Sensex higher on IT, telecom support

Bharti Airtel rose 10 percent intraday after it announced the acquisition of Telenor India. 

Meanwhile, Idea Cellular rose around 8 percent after media reports indicated that Japanese fund SoftBank may buy some stake in the merged entity. 

TCS and Infosys gained strength after sell-off in previous session, up 1-2 percent whereas ICICI Bank, ITC, Axis Bank, Tata Motors and Maruti Suzuki were under pressure.

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