The Indian stock market opened on a positive note on Tuesday and stayed firm right through the session to eventually close with strong gains thanks to hectic buying in telecom and energy sectors.
The benchmark BSE Sensex ended up 185.51 points, or 0.46%, at 40,469.70, after scaling a low of 40,290.21 and a high of 40,544.13 intraday.
Vodafone Idea said it will play its due role in realising the vision of Digital India by providing seamless mobile services to customers across India.
The company said on Monday that it will increase the prices of its tariffs from December 1. Bharti Airtel has also announced a tariff hike from next month.
Besides telecom majors Bharti Airtel (up 7.4%) and Vodafone Idea (up 34%), index heavyweight Reliance Industries (up 3.5%) ended on upbeat note.
Axis Bank gained nearly 3.5%. Power Grid Corporation advanced 2.4%. Tech Mahindra, State Bank of India, IndusInd Bank, HDFC Bank and Infosys gained 1 to 2%.
Bharti Airtel, up nearly 11%, was the top gainer in the Nifty index. Cipla, Grasim Industries and Eicher Motors also ended with strong gains.
Among the prominent losers, Yes Bank declined 2.6%. Mahindra & Mahindra, Tata Steel and Tata Consultancy Services lost 2 to 2.2%. Tata Motors and Vedanta shed 1.35% and 1.2%, respectively, while Hero Motocorp and ICICI Bank both ended lower by about 1%.
Automobile dealers' body FADA on Tuesday said retail sales of passenger vehicles in October increased 11 per cent to 2,48,036 units against the same period last year, driven by festive demand during the month.
According to the data released by the Federation of Automobile Dealers Association today, two-wheeler sales increased 5% in the month of October, compared to a month earlier.
Commercial vehicle sales, however, declined 23% in the month.
Three-wheeler sales were up 4% and total sales across categories rose 4%.
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