Sensex rises over 1 percent; telecom stocks gain

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Reuters MUMBAI
Last Updated : Jul 22 2014 | 3:58 PM IST

MUMBAI (Reuters) - The BSE Sensex rose more than 1 percent on Tuesday, approaching a record high hit earlier this month after telecom stocks surged following Idea Cellular' better-than-expected earnings while stronger Asian shares also bolstered sentiment.

Bharti Airtel provisionally rose 4.8 percent while Idea Cellular ended 4.7 percent higher.

The 30-share BSE Sensex ended up 1.2 percent while the broader Nifty ended 1.1 percent higher after arking an intraday high of 7,773.85, not too far from its record high of 7,808.85 hit on July 8.

(Reporting by Abhishek Vishnoi; Editing by Subhranshu Sahu)

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First Published: Jul 22 2014 | 3:45 PM IST

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