The BSE Midcap and Smallcap indices climbed 0.7 percent each on strong breadth. More than two shares advanced for every share falling on bourses.
Idea Cellular shares rallied 3.6 percent as media reports suggested that Vodafone-Idea merger may be announced by end of the month. The rally also spilled over to other telecom stocks – Reliance Communications gained 6 percent and Bharti Airtel rose 2.5 percent.
Jindal Steel was the biggest gainer among midcap stocks and also the most active stock on bourses, up nearly 8 percent.
TCS gained 1.5 percent ahead of board meeting for announcement of share buyback.
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Idea Cellular shares rallied 3.6 percent as media reports suggested that Vodafone-Idea merger may be announced by end of the month. The rally also spilled over to other telecom stocks – Reliance Communications gained 6 percent and Bharti Airtel rose 2.5 percent.
Jindal Steel was the biggest gainer among midcap stocks and also the most active stock on bourses, up nearly 8 percent.TCS gained 1.5 percent ahead of board meeting for announcement of share buyback.
For Any Information visit : www.paceresearchindia.com and Call : 8817774774
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