LIVE: Sensex jumps over 100 points in opening trade, Nifty above 8,330; Bharti Airtel stocks up 1.6% -- 26 Oct 2015

The BSE Sensex and Nifty opened on a positive note on Monday tracking firm global cues.

                                           

The rupee depreciated by 16 paise to 64.99 against the US currency in early trade on Monday due to strong demand for the dollar from importers. Sensex was up 96 points at 27,566.

The BSE Sensex and Nifty opened on a positive note on Monday tracking firm global cues. Sensex opened 104.23 points up at 27,575.04. Nifty opened 38.20 points up at 8,333.65.

Bharti Airtel announced its Q2 results on Monday before market hours. Bharti Airtel Ltd, India’s top mobile carrier by subscribers, posted a 10 per cent rise in quarterly net profit that beat estimates, helped by a surge in data usage by customers. The telecom major reported a consolidated net profit of Rs 1,522.70 crore against Rs 1,383.2 crore in the corresponding quarter a year ago. Bharti Airtel reported a fall of 54.96 per cent yoy at Rs 2,223.7 crore in its standalone net profit. Share price of Bharti Airtel was up around 1.6 per cent in the early trade.

Analysts on average expected Bharti Airtel to post a net profit of Rs 1,150 crore, according to Thomson Reuters data.

Sensex and Nifty gained 183.15 points and 43.75 points at 27,470.81 and 8,295.45 on Friday.

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