Shares of NTPC and Gail topped the buying list, up 2 percent each followed by ITC, ONGC, Maruti Suzuki, Mahindra & Mahindra, HUL, Hero Motocorp, Bharti Airtel, Coal India, Sesa Sterlite and BHEL with 1-1.7 percent gain.

The Sensex rose 71.26 points to 27443.10 and the Nifty advanced 21.40 points to 8246.60. About 1241 shares have advanced, 951 shares declined, and 94 shares are unchanged.

Telecom industry body COAI has requested the Department of Telecom to extend deadline for roll out of 4G services to 2020 citing various hurdles mainly delay in development of technology and regulatory procedures. “DoT is requested to review and relax the roll out obligations and extend the timelines for meeting the roll out by additional 5 years,” COAI Director General Rajan S Mathews said in a letter to DoT. The body has cited difficulties in rolling out the LTE-TDD (a 4G technology) as among reasons for delay in roll out of 4G services.

The broadband wireless access spectrum, that can be used for 4G services, was allocated through auction in 2010. Aircel, Bharti Airtel , Qualcomm (acquired by Bharti), Tikona, Infotel and Augere emerged as successful bidders of BWA spectrum, reports PTI.

Equity benchmarks are consolidating today ahead of expiry of the December derivative contracts, which scheduled to be on Thursday. The Sensex rose 66.64 points to 27438.48 and the Nifty advanced 19.80 points to 8245.

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.7 percent and 0.5 percent, respectively. Nearly two shares advanced for every share declining on the Bombay Stock Exchange. Given that Indian equities are in a sweet spot, market should hold steady at current levels, says Sandeep Bhatia, Executive Director and Head of Sales at Kotak Institutional Equities.

Coustery : http://www.moneycontrol.com/news/local-markets/sensex-nifty-consolidate-ntpcgail2-infosys-dips_1258317.html