The BSE Sensex rose on Wednesday, led by gains in Bharti Airtel
The government is taking a series of steps to maintain confidence in the economy, assuring investors it is committed to fiscal prudence in the coming budget and brushing aside threats of a downgrade, as it eyes growth of 5.7 percent in the current fiscal year.
Larsen & Toubro
"Earnings so far have been better than expectations, so there is a positive bias which would continue to drive markets," said Phani Sekhar, Fund Manager-PMS, Angel Broking.
0.23 percent, or 45.04 points, to end at 20,026.
The broader Nifty rose 0.1 percent, or 5.8 points, to end at 6,054.30.
Shares in Bharti Airtel gained 4.46 percent after the company raised its voice call charges to account for rising costs, a move that is likely to boost its fourth-quarter earnings.
Sun TV shares rose 3.56 percent after the company reported a higher-than-estimated December-quarter net profit at 1.9 billion rupees.
Shares of FMCG major Hindustan Unilever (HUL)
However, shares in India's Housing Development & Infrastructure Ltd (HDIL)
HDIL said on Tuesday Wadhawan sold 5 million shares worth 570 million rupees in secondary markets, reducing his stake to 0.99 percent from 2.19 percent.