Sensex up 50 pts......

The 30-share BSE Sensex was completely lacklustre in early trade on Friday amid concerns over weak Eurozone economic activity and US fiscal crisis. The BSE benchmark was up 54.41 points to 18,525.78. Telecom operators Bharti Airtel and Idea Cellular were up over 1 percent, extending gains after 2G spectrum auction. Cigarette major ITC and private oil & gas producer Reliance Industries went up 0.8 percent each. Software services exporter Infosys moved up 0.5 percent while its rival TCS declined 0.3 percent. Capital goods majors Larsen & Toubro and BHEL gained 0.5 percent. HDFC, HDFC Bank, ICICI Bank, Wipro, Dr Reddy's Labs, Tata Power and GAIL were under pressure. The CNX Midcap Index was up 27 points at 7,966. In the second line shares, Tata Coffee jumped another 7 percent following yesterday's 20 percent rally. Other beverages stocks like Jayshree Tea and Assam Company gained over 2 percent.