Sensex, Nifty erase early gains; end near day’s low

Shares of Bharti Airtel declined by 2% to close at Rs. 352 after posting quarterly results. Commenting on the same, Amar Ambani, Head of Research, IIFL, said, “Bharti reported an inline revenue and margin performance in Q2 FY16 while profit was below our estimates; given strong positioning. We retain our positive bias on the stock. The overall market will continue to remain in a tight range before the swings start as F&O adjustments take place later in the week.”