In other news, shares of Bharti airtel rose by over 2 per cent in the morning trade today even as the company posted a decline of 28.19 per cent in consolidated net income for the fourth quarter ended March 31. The scrip started the day on a bullish note and further gained 2.25 per cent to Rs 317.30 on the BSE. At the NSE, the stock gained 1.37 per cent to Rs 312.55.

Bharti Airtel today reported a decline of 28.19 per cent in consolidated net income at Rs 1,006 crore for the fourth quarter ended March 31, hit by higher cost of 3G licence fee amortisation, 3G interest costs, forex losses and tax
provisions. 

The country's largest telecom operator had registered a net profit of Rs 1,401 crore in the January-March quarter of the previous fiscal.