The BSE Sensex gained as much as 0.3 per cent early on Wednesday with Infosys, TCS and RIL leading the gains.
Share tips of Bharti Airtel slipped 4% in early trade to Rs 362 after the country's largest telecom player, reported a consolidated profit after tax of Rs 1011 crore in the October-December quarter of FY12 compared to Rs 1,027 crore in previous quarter, as per International Financial Reporting Standards (IFRS).
"Indian share market tips are finding it difficult to sustain levels above 5400 on the Nifty and 17800 on closing basis for Sensex. If NSE Nifty slips below levels of 5300 we could expect further fall in our markets otherwise the uptrend should continue.
"Based on technical patterns and averages 5265 on the NSE Nifty and 17400 for the Sensex can be considered as important level for this rally to continue.
At 9:20 a.m., the 30-share BSE index was trading 0.2% higher at 17,661.16 points led by gains in Infosys (up 1.3%), TCS (up 1.7%) and RIL (up 0.7%).
The broader 50-share NSE index was up 0.1 per cent to 5,341.00.
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