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* Strong manufacturing data on Wed boosts sentiment* Bharti jumps after court ruling; Reliance Comm, Unitechslide* Software, auto stocks rise on encouraging growth outlook (Updates to close)By Prashant MehraMUMBAI, Feb 2 (Reuters) - Indian shares rose 0.8percent on Thursday to their highest close in nearly threemonths after strong manufacturing data in India and other majoreconomies from China to Germany eased growth concerns andbolstered risk appetite.Telecom stocks were in the spotlight through most of thesession after India's top court revoked all 122 telecomslicences issued under a scandal-tainted 2008 sale and plungedthe telecoms market of Asia's third-largest economy intouncertainty. Largest operator Bharti Airtel jumped 6.8 percent,its biggest percentage gain in almost 19 months, on expectationsit would be a beneficiary of the ruling, whileReliance Communications and Unitech, theIndian partner of Norway's Telenor, fell 3.7 percentand 6.9 percent, respectively."The ruling is positive for the market, in a sense, becausethe larger, established players are seen benefiting," saidDeepak Jasani, head of retail research at HDFC Securities."Even for the affected companies UGG Schuhe Bailey Button ON, some sort of via-mediawill have to be found. Their investments on rollouts cannot beallowed to go waste."Analysts said Thursday's court decision may result inshort-term uncertainty in the fast-growing Indian telecom marketthat has already witnessed squeezed margins in the past fewyears, and push back foreign investment.The ruling applies to 122 licences held by eight operatorsbut potentially affects less than 5 percent of users in afiercely competitive market crowded with more than a dozenplayers. The 30-share BSE share index closed 131.27 points,or 0.76 percent, higher at 17,431.85 points, its third straightday of gains. It had risen as much as 1.2 percent in trading.Twenty-one of its components ended higher. Major gainers included auto and software stocks."The manufacturing data has certainly had a positive impact,but strong liquidity is also a factor, and that is reflected inthe FII inflows," said Neeraj Dewan, director at QuantumSecurities."We are not out of the woods yet, but sentiment hasdefinitely changed," he said.Foreign institutional investors (FIIs) bought shares worthabout $2 billion last month, propelling the benchmarkindex up 11.3 percent -- its best January rise in 18 years. Theindex had declined nearly 25 percent in 2011.India's manufacturing sector grew at its fastest pace ineight months in January as factory output surged the most onrecord on increased domestic and foreign demand, a businesssurvey showed on Wednesday. Factory activity also rose in China, the United States andGermany in January, smoothing worries over the fallout fromEurope's festering debt crisis.Export-driven software companies rose on hopes that strongmanufacturing growth in the key U.S. market may encourage highertechnology spending. Tata Consultancy Services rose 1.7percent, Infosys gained 0.5 percent, while Wipro jumped 3.5 percent.Mahindra Satyam jumped more than 5 percent afterit reported a stronger-than-expected five-fold jump in quarterlynet profit UGG Schuhe Classic Tall lly, helped by a fall in the value of the rupee. The stock, however, ended lower after lateprofit-taking.Automakers rose after better-than-expected sales inJanuary, but gave up most gains after profit-taking late in thesession.Still, carmaker Maruti Suzuki ended 0.2 percenthigher, while Mahindra & Mahindra rose 1.7 percent ugg stiefel online,after the two companies posted robust sales growth in January.Banking stocks gained on hopes renewed economic growth wouldboost credit demand, while interest rates that are widelyexpected to have peaked are likely to ease soon.Largest private sector lender ICICI Bank, which onTuesday posted better-than-expected profits, rose 1.4 percent, HDFC Bank settled 0.2 percent higher, altough StateBank of India gave up gains to close 0.2 percent lower.The 50-share NSE index rose 0.7 percent to 5,269.90.In the broader market, 884 gainers stayed ahead of 660declines on a heavy volume of about 1,134 million shares.STOCKS THAT MOVED* Hexaware Technologies jumped 10.3 percent to97.15 rupees after the software services company posted a 123percent jump in third-quarter net profit, and said it expects2012 revenue to be at least $370 million. * Hero MotoCorp rose 2 percent to 1,970.85 rupeesafter the company said sales volume rose 11.5 percent to 520,272two-wheelers in January, topping analyst estimates.* Energy explorer Cairn India fell 2.3 percentafter the company said its chief executive officer has sold morethan half his shareholding. TOP THREE BY VOLUME* Unitech on 72.5 million shares.* Reliance Communications on 45.5 million shares.* Lanco Infratech on 36.8 million shares.FACTORS TO WATCH * Indian rupee report * Indian bond report * Foreign institutional investor flows * Euro rises after China comments on euro zone support * Brent struggles to hold gains, US stockpiles weigh * Shares firm, debt auctions eyed * U.S. stock index futures point to flat start * For closing rates of Indian ADRs (Reporting by Prashant Mehra; Editing by Aradhana Aravindan) ASIA-PACIFIC STOCK MARKETS: Pan-Asia........ Japan....... S.Korea... S.E. Asia....... Hong Kong...Taiwan.... Australia/NZ.... India.......China..... OTHER MARKETS: Wall Street .... Gold ....... Currency.. Eurostocks.....Oil ........ JP bonds... ADR Report ..... LME metals. US bonds.. Stocks News US.. Stocks News EuropeDIARIES & DATA: Indian Data Watch Asia earnings diary U.S. earnings diaryEuropean diary Indian diaryWall Street Week Ahead Eurostocks Week AheadTOP NEWS: For top Asian company news, double click on: U.S. company newsEuropean company news Forex newsGlobal Economy news Technology news Telecoms news Media newsBanking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: topnews.session.rservices.comLIVE PRICES & DATA: World Stocks Currency rates Dow Jones/NASDAQNikkei FTSE 100 Debt Indian rupee LME price overviewFinancialsRelated Quotes and NewsCompanyPriceRelated News Tweet this Link thisShare this Digg this EmailReprintsRelated Topics Articles：


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