The market gained some strength in afternoon trade with the Nifty reclaiming 8650 level and the Sensex hitting 28000-mark amid consolidation.
Bharti Infratel shares gained 3 percent intraday after a media report indicated that two big foreign investors are eyeing major stake in the telecom tower infrastructure provider.
"Private equity heavyweight KKR and pension giant Canada Pension Plan Investment Board (CPPIB) are in talks with Sunil Mittal led Bharti Airtel to acquire a significant stake in its listed tower arm Bharti Infratel," a media report said quoting unnamed sources.
The report further said Airtel is looking to divest up to 40 percent stake to a consortium of financial investors making them the single largest shareholder block.
