Market Now: Telecom stocks up; Idea Cellular, Bharti Airtel among gainers

Market Now: Telecom stocks up; Idea Cellular, Bharti Airtel among gainers

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NEW DELHI: The S&P BSE Telecom index was trading 0.52 per cent up at 1,658 around 12:55 pm (IST), backed by gains in shares of Aksh Optifibre (up 4.97 per cent), Sterlite Technologies (up 4.09 per cent), Himachal Futuristic Communications (up 3.89 per cent) and OnMobile GlobalBSE 1.58 % (up 2.37 per cent).

Shares of GTL (up 1.12 per cent), Tejas Networks (up 1.04 per cent), Vindhya TelelinksBSE -0.25 % (up 0.83 per cent), ITI (up 0.60 per cent), Idea CellularBSE 1.71 % (up 0.39 per cent), Bharti AirtelBSE 0.88 % (up 0.30 per cent), Mahanagar Telephone NigamBSE -1.01 % (up 0.17 per cent) and Bharti Infratel (up 0.16 per cent) were also among the gainers.

However, Reliance CommunicationsBSE 7.20 % (down 3.76 per cent), GTL Infrastructure (down 1.13 per cent) and Tata Teleservices (Maharashtra) (down 0.14 per cent) were trading down in the telecom index around that time.

Benchmark NSE Nifty50 index was 30 points up at 10,473, while the BSE Sensex was up 105 points at 33,898.

Among the 50 stocks in the Nifty50 index, 25 were trading in the green, while 22 were in the red. Three stocks were appearing unchanged.

Tata Steel, Larsen & Toubro, Dr Reddy’s Labs and Coal India were among the top gainers in the Sensex index.

On the other hand, Sun PharmaBSE 1.82 %, Tata Motors, Wipro and Hero MotoCorp were among the laggards in the Sensex index.

[“Source-economictimes”]