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Share market update: Telecom shares rise; RCom jumps 5%

NEW DELHI: Telecom shares were trading in the positive zone in Friday’s morning session.

Shares of Optiemus Infracom (up 4.92 per cent) , Reliance Communications (up 4.6 per cent) , GTPL Hathway (up 2.83 per cent) , Sterlite Technologies (up 1.78 per cent) , Mahanagar Telephone Nigam (up 1.05 per cent) , Bharti Airtel (up 0.93 per cent) , HFCL Ltd (up 0.86 per cent) , OnMobile Global (up 0.82 per cent) and Bharti Infratel Ltd (up 0.49 per cent) were among the top gainers.

The S&P BSE Telecom index was trading 0.79 per cent up at 1109.4 around 11:09 am.

Benchmark NSE Nifty50 index was up 74.95 points at 12201.5 , while the BSE Sensex was up 249.51 points at 41413.27 .

Among the 50 stocks in the Nifty index, 40 were trading in the green, while 10 were in the red.

Shares of Vodafone Idea, YES Bank, Bank of Baroda, PNB, SBI, SAIL, JSPL, Adani Green Energy and Spicejet were among the most traded shares on the NSE.

Source: Economic Times