NEW DELHI: Telecom stocks Tata Teleservices (Maharashtra) (up 4.36 per cent), OnMobile Global (up 2.32 per cent), Bharti Infratel (up 1.56 per cent) and Bharti Airtel (up 1.51 per cent) were trading with gains in Wednesday's trade, keeping the sectoral index up.The BSE Telecom index was trading 1.01 per cent up at 1,281 around 11:50 am (IST).
Shares of Aksh Optifibre (up 1.25 per cent), GTPL Hathway (up 0.45 per cent) and Reliance Communications (up 0.33 per cent) were also in the green around that time.
However, shares of GTL Infrastructure (down 4.95 per cent), Himachal Futuristic Communications (down 1.79 per cent), GTL (down 1.48 per cent), Vindhya Telelinks (down 1.15 per cent), Mahanagar Telephone Nigam (down 0.82 per cent), ITI (down 0.66 per cent), Tata Communications (down 0.60 per cent), Tejas Networks (down 0.42 per cent), Sterlite Technologies (down 0.36 per cent) and Idea Cellular (down 0.08 per cent) were in the red around that time.
Equity benchmarks were flat on weak global cues after President Donald Trump pulled the US out of the landmark Iran nuclear deal, fanning fears of an escalation in geopolitical tensions.The NSE Nifty50 index was up 7 points at 10,725, while the BSE Sensex was up 49 points at 35,265.In the Sensex index, Tata Motors, Bharti Airtel and Asian Paints were the top gainers.