Mumbai: The BSE benchmark Sensex on Wednesday rose by over 118 points in early trade led by gains in telecom stocks, after the government liberalized FDI limit in over a dozen sectors.
The 30-share index, which had lost 183.25 points in the previous session, rose by 118.79 points, or 0.59 percent, to 19,970.02 points.
The National Stock Exchange index Nifty gained 26.40 points, or 0.44 percent, to trade at 5,981.65 points.
Brokers said the sentiment turned better after the government liberalized FDI limits in a dozen sectors, including allowing 100 percent FDI in telecom and higher limits in 'state-of-the-art' defence manufacturing to shore up foreign investments and, boost the sagging economy, triggering buying by participants.
Shares in the telecom segment, such as Rcom rose by 2.50 percent to Rs 149.55, Bharti Airtel by 1.37 percent to Rs 325.65 and Idea Cellular by 2.83 percent to Rs 161.90.
In Asia, Hong Kong's Hang Seng index was up 0.46 percent, while Japan's Nikkei fell 0.63 percent. The US Dow Jones Industrial Average ended 0.21 percent lower in the previous session.


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