The market continues to remain sluggish as the Sensex is up 31.71 points or 0.1 percent at 28483.88. The Nifty is up 4.30 points at 8790.50.
About 1143 shares have advanced, 1331 shares declined, and 178 shares are unchanged.
GAIL, ICICI Bank, M&M, tata Motors and Coal India are gainers while Bharti, Wipro, Asian Paints, Adani Ports and Reliance are losers in the Sensex.
Telecom stocks are under pressure as war in the sector is heating up after Reliance Jio is launched with attractive price points. Shares of Bharti and Idea fell 9 percent intraday on Thursday.
Reliance Industries’ much-awaited Reliance Jio will be launched on September 5 and will be commercially launched on December 31. Addressing shareholders in the annual general meeting, Ambani said that Jio will bridge the gap to data abundance from data shortage.
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