Nifty starts Jan series above 10,500, Sensex gains 100 pts; RCom up 28%

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Reliance Communications surged 28 percent on sealing wireless assets deal with Reliance Jio.

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Equity benchmarks started off the January series on a strong note as the Nifty reclaimed 10,500 level, backed by positive Asian cues.

The 30-share BSE Sensex was up 94.26 points at 33,942.29 and the 50-share NSE Nifty rose 26.30 points to 10,504.20.

Tata Steel, Vedanta, Bosch, UPL, Eicher Motors, Hero MotoCorp and SBI were early gainers while HDFC Bank, ICICI Bank and Kotak Mahindra Bank were under pressure.

Nifty Midcap was up 0.6 percent.

Reliance Communications surged 28 percent on sealing wireless assets deal with Reliance Jio.

Monnet Ispat, Jaiprakash Power and JP Associates rallied 5-13 percent.

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