SENSEX RISES OVER 300 pts, NIFTY ABOVE 8400; COAL INDIA UP

The market is surging ahead with the Sensex up 314.68 points or 1.1 percent at 27821.39. The Nifty is up 96.40 points or 1.1 percent at 8415.40. About 1295 shares have advanced, 779 shares declined, and 128 shares are unchanged. Bharti is up over 3 percent while Coal India, Cipla, L&T and Sun Pharma are top gainers in the Sensex. Among the losers are ONGC and BHEL. 

Among financials, HDFC, HDFC Bank, Axis Bank and SBI have risen over 1% each.
Telecom major Bharti Airtel is the top Sensex gainer, up almost 4%. Vodafone Group PLC said on Thursday it sold its stake in telecom infrastructure firm Bharti Infotel to its holding company Bharti Enterprises for $200 million. The stake represents about a 4.2% interest in the Indian mobile carrier Bharti Airtel, which is also a subsidiary of Bharti Enterprises.
Coal India has surged over 2%.The company’s net sales for the quarter ended March, rose 3.9% to Rs 20,774 crore from Rs 19,998 crore in the year-ago period, on the back of higher output and offtake.
Cipla and Sun Pharma are trading higher by almost 2% ahead of their Q4 numbers today.
From the IT space, Wipro, TCS and Infosys have gained 1-1.5% each. Tata Consultancy Services (TCS) has been rated as the best company in India on various financial and operational parameters by Dun & Bradstreet.
Other notable gainers are Maruti Suzuki, L&T, Sun Pharma, Tata Steel, HUL and RIL.
On the losing side, ONGC and BHEL have dropped between 0.5-1.3%. 

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