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Indian shares rise to record amid Asian equity rally

Bharti Airtel surges after second-quarter profit beats expectations

MUMBAI (NewsRise) -- Indian shares rose Wednesday, tracking gains in other regional markets. The nation's top mobile phone operator Bharti Airtel jumped after reporting a better-than-expected profit.

On Wednesday, the Sensex rose 1.2%, or 387.14 points, to 33,600.27, while the broader Nifty 50 added 1%, or 105.20, to 10,440.50. Both the gauges closed at all-time highs. Bharti Airtel gained 8.2% after its second-quarter profit exceeded market expectations despite a 77% slump. CLSA upgraded the stock to 'Buy' from `Underperform' and raised the target price to 637 rupees from 430 rupees.

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