Sensex jumps 533pts; Nifty ends above 18,200 led by RIL, Infy, Airtel

The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices

Closing Bell

The key benchmark indices extended their winning run into the fourth straight trading session backed by solid gains in index heavyweights - Reliance Industries, Infosys, ICICI Bank and Bharti Airtel.

Reliance and Airtel stole the limelight from the IT stocks, on reports that the three telecom majors (Jio, Airtel, Voda Idea) have sought 90-95 per cent reduction in 5G spectrun auction prices.

The IT shares were expected to be in focus owing to results announcement from Infosys, TCS and Wipro. While IT major Infosys ended with a gain of 1.1 per cent, TCS and Wipro,