Telecom stocks jumped on Wednesday as the Telecom Commission had on Tuesday decided in favour of relaxation of spectrum-holding caps for mobile companies and also approved awarding of category B licences to virtual network operators. Any relaxation of spectrum-holding cap will help telcos such as Reliance Jio Infocomm, Vodafone and Idea Cellular.

Bharti Airtel stock was up 0.93 per cent at Rs 514.75, Idea Cellular (+1.43% at Rs 110.15), Reliance Communications (+2.6% at Rs 33.60), Tata Communications (+0.11% at Rs 681.55), Tata Teleservices (+0.72% at Rs 7.01) and ITI (+0.14% at Rs 138.55). However, Bharti Infratel stock was down 0.3 per cent at Rs 366.90.