Sensex flat; BHarti Airtel up 2% on 2G auction !!!

The BSE Sensex remained lackluster amid low volumes, tracking mixed global cues. Investors awaited for September industrial output data that may come in higher at more than 3% led by stronger core sector growth, according to CNBC-TV18 poll. This compares to the 2.7 percent in August which is a month on month pick up simply indicating that the trend would then be on the upside in the second half of the fiscal. The 30-share BSE benchmark gained 18.31 points at 18,701.99 and the 50-share NSE benchmark rose 10.4 points to 5,696.65. Country's largest telecom operator Bharti Airtel gained 2 percent as auction for 2G spectrum began today morning. Its rival Idea Cellular went up 1.5 percent. United Spirits extended gains to 20.7 percent following the upgrade reports by brokerage firms after the stake sale deal between the UB group and UK based Diageo. JPMorgan has upgraded the stock to overweight and raised target of Rs 1645 on the stock while CLSA raised the target to Rs 1800.