Indian shares up in volatile trade; ICICI, Bharti Airtel lead

Last Updated: Thu, Mar 21, 2013 09:19 hrs

The BSE Sensex gains 0.17 percent while the 50-share NSE Nifty advances 0.16 percent in a volatile session.

However, broader market sentiment remains weak on increasing political uncertainty in the near term.

Recent underperformers gain, with ICICI Bank gaining 4.3 percent, heading towards its biggest single-day gain since Nov. 29, 2012, on value buying after steep recent falls over allegations of money laundering by a local journalist.

Bharti Airtel Ltd is up 7.2 percent after falling 11.7 percent in the previous five sessions.

Titan Industries Ltd gains 4.5 percent after Morgan Stanley upgrades the company to "equal-weight" from "underweight", citing underperforming shares.

Tata Motors Ltd falls 3.5 percent on worries that China's new stringent fuel economy standard would adversely affect the Indian auto maker's Jaguar Land Rover Ltd (JLR) unit.

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