Sensex extends gains; domestic-oriented stocks up

Reuters Market Eye - The BSE Sensex was up 0.4 percent, while the Nifty was 0.24 percent higher.

Domestic-oriented stocks gained on continued hopes of reforms and economic revival by the newly elected Narendra Modi government.

HDFC Bank rose 2 percent, while Oil and Natural Gas Corp advanced 1.4 percent.

However, Bharti Airtel slumped 3 percent after Credit Suisse downgraded the stock to "underperform" from "neutral," citing competition from rival Rel Jio, a unit of Reliance Industries.

(Reporting by Abhishek Vishnoi)