Share prices climbed on Wednesday despite the expectations that September-quarter earnings are going to be subdued after the implementation of Goods and Services Tax (GST). However the sensex received some respite due to Bharti Airtel after reports that a KKR-led consortium was in talks for a tower consolidation deal involving Airtel’s tower arm Bharti Infratel and Indus Towers. The market outlook appears better for December quarter, many analysts opined.
“Sentiment among investors is a clear positive for Bharti Infratel now given the tower deal talk,” said Siddharth Sedani, vice president and head equity advisory, Anand Rathi. Market heavyweights Tata Consultancy Services and Reliance Industries Ltd are slated to post results later this week.