Sensex edges higher; telecom stocks gain

The Sensex gains 0.25 percent and the Nifty is up 0.13 percent, after falling for five consecutive sessions.
Asian shares steady on Friday after falling nearly 2 percent this week on worries about the looming U.S. "fiscal cliff".
 
Telecom shares extend gains after a tepid demand in a 2G airwave auction raises hopes for lower prices: Bharti Airtel gains 1.6 percent, while Idea Cellular advances 1.2 percent.
Some recent under-performers gain on short-covering: Infy gains 1.1 percent after falling 2.8 percent so far this month as of Thursday's close