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Market Now: Telecom stocks ringing; Idea Cellular among top gainers

ETMarkets.com|
Updated: Jan 03, 2018, 11.36 AM IST
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Market Now: Telecom stocks ringing; Idea Cellular among top gainers
ICICI Bank, Adani Ports, Bharti Airtel, Reliance Industries and State Bank of India were trading among the top gainers in the Sensex index.
NEW DELHI: Most of the telecom stocks, including Aksh Optifibre (up 4.95 per cent), Sterlite Technologies (up 4.16 per cent), Vindhya Telelinks (up 2.58 per cent) and Idea Cellular (up 1.19 per cent) were trading up in Wednesday's trade.

The S&P BSE Telecom index was trading 0.93 per cent up at 1,657 around 11:25 am (IST).

Shares of GTL (up 1.13 per cent), GTL Infrastructure (up 1.12 per cent), Bharti Airtel (up 1.10 per cent), Tejas Networks (up 0.83 per cent), Himachal Futuristic Communications (up 0.62 per cent), Bharti Infratel (up 0.56 per cent) and Tata Communications (up 0.54 per cent) were also trading in the green zone.

However, Reliance Communications (down 3.55 per cent), Mahanagar Telephone Nigam (down 2.31 per cent), Tata Teleservices (Maharashtra) (down 1.94 per cent), ITI (down 1.93 per cent) and OnMobile Global (down 0.79 per cent) were trading down around that time.

Benchmark BSE Sensex was 110 points up at 33,922, while the NSE Nifty50 index was 43 points up at 10486.

Among the 50 stocks in the Nifty50 index, 36 were trading in the green, while 14 were in the red.

ICICI Bank, Adani Ports, Bharti Airtel, Reliance Industries and State Bank of India were trading among the top gainers in the Sensex index.

Meanwhile, Dr Reddy's, Tata Motors, Infosys and Oil & Natural Gas Corporation were seen under selling pressure.
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