Indian markets opened higher today, following firms in Asian markets. The Sensex was over 200 points at 40,519, while Nifty returned over 11,900. The SBI gained almost 2% while Tata Motors, Da Bank, Maruti and Da Bank were among the other top winners.
Barty Airtel shares rose 1.5%, while Vodafone Idea shares fell 10% of GDP.
Vodafone Idea on Thursday announced the largest quarterly loss in corporate history in India after it passed provisions for extraordinary government fees. Vodafone Idea reported consolidated net loss of ₹50,900 crore in the second quarter to September.
Another telecommunications operator, Barty Airtel, announced a consolidated net loss on Thursday. ₹23,045 crooks for the three months to September. Barty said it provides a provision of ₹28,450 crore.
(Read: Why Investors Take $ 4.8 Billion Blow on Barty Airtel in Step)
Ajit Mishra, vice president of research at Religar Broking, said: "We expect Nifti to consolidate and in the near future we propose to continue the approach to trading in specific stocks. In the absence of a major event, global markets will continue to dictate market trends. We advise you to keep an eye on the banking index for clues. "
Asian markets were mostly higher with the hope that the US and China were close to signing a trade deal. White House economic adviser Larry Kudlow said on Thursday that Washington is moving closer to a trade deal with China.