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Sensex closes 124 pts higher, Nifty holds 9900 but Midcap underperforms

3:30 pm Market Check: Equity benchmarks closed higher after volatility seen in the second half of session.The 30-share BSE Sensex was up 124.49 points at 32,028.89 and the 50-share NSE Nifty gained 41.95 points at 9,915.25.

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Bharti Airtel, Idea fall up to 7% on launch of Reliance JioPhone; RIL up 2%

Shares of telecom services provider Idea Cellular (down 7% to Rs 88.40) and Bharti Airtel (down 4% at Rs 404) have dipped up to 6% on BSE in intra-day trade after Reliance Jio, a telecom subsidiary of Reliance Industries (RIL), launched a feature phone.

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Wipro hits 52-week high; buyback attractively priced, say analysts

Shares of Wipro, country's third largest software services firm, hit a 52-week high of Rs 291 on Friday, up over 8% after the IT major announced a share buyback of Rs 11,000 crore entailing 34.3 crore equity shares at Rs 320 apiece.

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LIVE: Markets open marginally higher; Wipro up 5%, RIL gains 2%

Benchmark indices are opened in green on stellar June quarter numbers from Reliance Industries and a Rs 11,000 crore share buyback announcement by Wipro.
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