Market Now: Telecom stocks gain; Idea Cellular up 2%

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NEW DELHI: Most of the telecom stocks were trading with gains during Tuesday’s trade.

Shares of Tata Teleservices (Maharashtra) (up 4.86 per cent), Aksh Optifibre (up 3.84 per cent), Vindhya Telelinks (up 3.15 per cent), GTL (up 2.74 per cent), Sterlite Technologies (up 2.39 per cent), Idea Cellular (up 2.29 per cent), Bharti Infratel (up 2.02 per cent), ITI (up 1.35 per cent), Tata Communications (up 1.07 per cent), Mahanagar Telephone Nigam (up 0.75 per cent), Himachal Futuristic Communications (up 0.74 per cent) and Bharti Airtel (up 0.63 per cent) were among the top gainers in the telecom index.

The BSE Telecom index was trading 1.2 per cent up at 1,396 around 11:40 am (IST).

However, shares of GTL Infrastructure (down 10 per cent) and Tejas Networks (down 2.54 per cent) were in the red in telecom index around that time.

Benchmark BSE Sensex was up 75 points at 33,993, while the NSE Nifty50 index was up 31 points at 10,452.

Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red.

Tata Consultancy Services, Coal India and NTPC were the top losers in the Sensex index.

On the other hand, State Bank of India, Axis Bank and Sun Pharma were leading among the gainers in the Sensex kitty of stocks.

Source: Economic Times