Sensex, Nifty erase opening gains; Airtel, Idea stocks drop
Equity tips:- Equity benchmark indices were trading higher led by Asian Paints, ICICI Bank, HDFC, Infosys and L&T. At 9:59 AM, the BSE Sensex was trading at 35,312, up 66 points, while the Nifty50 index was trading at 10,742, up 26 points. Shares of Bharti Airtel and Idea Cellular fell after Reliance Jio launched post-paid plan with monthly rental of Rs199, and an ISD calling service at a starting price of 50 paise per minute. Shares of Fortis fell over 2% after its board said it will recommend the offer proposed by the Munjal and the Burman family offices for the healthcare chain’s hospital and diagnostics businesses. Shares of PC Jeweller gained 4.5% after the board approved buyback of 1.21cr paid-up equity shares. Board has approved buyback at Rs350 per share amounting to Rs424cr. The above shares comprise of 3.07% of the total paid-up equity capital of the Company. On the other hand, the stock of Asian Paints was the lead gainers on BSE Se