Indian bourses recovered following the recovery of the Asian markets. All the sectoral indices on BSE, except information technology index, were trading in green. The broader-based S&P CNX Nifty index of National Stock Exchange was up 44.8 points at 4,919.85. The BSE Midcap index rose 0.88 pc to 6,820.57 and Smallcap index rose 1.13 pc to 8,411.81.
Reliance Communications rose 2.08 pc at Rs 554.50 on reports that the proposed deal between Reliance Communications and South Africa's MTN Group may involve an open offer by the South African telecom firm to the shareholders of Reliance Communications. The deal may result in a transfer of Anil Ambani's two-third equity stake in Reliance Communications to MTN shareholders, as per reports.
Reliance Industries rose 0.80 pc at Rs 2,546, ICICI Bank was unchanged at Rs 826.90, Larsen&Toubro rose 1.65 pc to Rs 2,795.05.
Bharat Heavy Electricals was up 3.86 pc at Rs 1720.05, Jaiprakash Associates up 2.41 pc at Rs 229.80, ITC up 1.5 pc at Rs 209.50, Reliance Infrastructure up 1.87 pc at Rs 1,272, and Hindalco Industries up 1.07 pc.
However, Hindustan Unilever was down 1.54 pc at Rs 227.70, HDFC Bank down 1.07 pc at Rs 1,333, Infosys Technologies down 0.45 pc at Rs 1,878 and Grasim Industries down 0.84 pc at Rs 2,190.