INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Most telecom stocks were trading with gains during afternoon trade on Wednesday, giving a boost to the sectoral index.
The BSE
Telecom index was trading 2.13 per cent up at 1,176 around 2 pm.
Shares of Reliance Communications (up 9.66 per cent), ITI (up 5.90 per
cent) and OnMobile Global (up 4.46 per cent) were the top gainers in the telecom index.
Idea Cellular (up 3.54 per cent), Vindhya Telelinks
(up 3.28 per cent), Bharti Airtel (up 3.11 per cent), Himachal Futuristic Communications (up 2.77 per cent) and Aksh Optifibre (up 2.02 per
cent) also registered decent gains.
GTPL Hathway (up 1.27 per cent), MTNL (up 0.99 per cent), GTL (up 0.49 per cent), Bharti Infratel (up
0.41 per cent), Tata Teleservices (Maharashtra) (up 0.41 per cent) and Tata Communications (up 0.12 per cent) were also in the green
On the other hand, Sterlite Technologies (down 2.44 per cent), GTL Infrastructure (down 2.44 per cent) and Tejas Networks (down 0.67 per
cent) were incurring losses around that time.
Benchmark NSE Nifty50 index was up 73 points at 10,666, while the BSE Sensex was up 229 points
Among the 50 stocks in the Nifty index, 41 were trading in the green, while 9 were in the red
The Sensex kitty had 26 stocks advancing and 5 declining.
Bharti Airtel, Tata Motors and Sun Pharma were leading the pack of Sensex
