Sensex up around 100 points; Tata group stocks lead

Reuters Market Eye - The BSE Sensex rises in early trading, heading for a third successive day of gains, led by Tata group shares.

Tata Motors Ltd shares gain 5 percent after Deutsche Bank upgrades the stock to "buy" from "neutral" and raises its target price to 400 rupees from 275 rupees, citing an improving global economy.

Software services exporters gain on bets for an improving business outlook in key markets. Tata Consultancy Services Ltd rises 1.5 percent and Tech Mahindra Ltd is up 1.7 percent.

Tata Communications Ltd is up 1.4 percent, heading for a third day of gains on a potential takeover of its unit Neotel by South Africa's Vodacom Group .

 

Jet Airways (India) Ltd shares rise as much as 7.2 percent after India's cabinet approved on Thursday a $330 million deal by Abu Dhabi's Etihad Airways to buy a stake in Jet Airways.

(Reporting by Abhishek Vishnoi)