Sensex, Nifty consolidate; Bharti Airtel, Coal India rally

The 30-share BSE Sensex rose 24.10 points to 28868.88 and the 50-share NSE Nifty advanced 7.30 points to 8764.05. About 1393 shares have advanced, 890 shares declined, and 187 shares are unchanged on the BSE.

Bharti Airtel and Coal India topped the buying list on Sensex, up 2.5 percent each. Bharti may be reacting to some moderation in bidding in the telecom auctions. On day 5, the jump in bid price on a day on day basis was only 2 percent for 900 MHZ against 5 percent in previous day raising hopes of some moderation in bidding.

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Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300