The benchmark Nifty was positive in opening trade and jumped above 5450 but profit booking in some heavyweights and weak Shanghai wiped out some early gains. The markets already discounted global markets' rally in Monday's trade.

At 9:01 hours IST, the Sensex was trading at 18131, up 50 points a..

Idea Cellular has target of Rs 74-76, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told "We have seen telecom sector loose lot of value in the last some quarters and it’s just bouncing back, so we are seeing good momentum in Bharti Airtel, Rel Com has stabilized at about Rs..

MUMBAI: The market may have been reeling under pressure of negative global cues and fears of tightening of monetary measures in India. But, investors do not seem to be in a mood to give up. They have been buying selectively in front-running stocks, particularly those which underperformed the market ..

The Nifty was trading marginally higher amid volatility as banking, technology, FMCG, metal, capital goods and auto stocks were seeing buying interest. Bharti Airtel, ONGC and Grasim were the other gainers. The benchmark indices shrugged off the negative global cues, wherein US markets ended 0.8-1% ..

Idea Cellular’s second-quarter results justify the current spate of downward revision in the valuations of Indian telecom stocks. Idea’s scrip has lost over 25% in one month. And, the latest quarterly performance does not offer any solace for investors to stop this slide.

Erosion in realisations ..