Markets edge up, Bharti Airtel slumps

The markets resumed their upward movement from the previous session even as shares of Bharti Airtel fell on disappointing Q1 numbers.


Provisional exchange data showed foreign investors were buyers of stocks worth Rs 816 crore on Tuesday, when the Sensex rose by 1.1 per cent.

Considering the sharp run-up over the last two sessions, some correction could set in at higher levels later during the day, dealers said.


Bharti Airtel shares fell 3.66 per cent after the company posted a 37 per cent fall in April-June net profit.

Asian shares extended gains for a third straight session to reach a three-month high on Wednesday, as investors continue to bet that policymakers will soon decisively address the eurozone fiscal crisis and declining global growth. [ Via ]

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