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Market Now: Telecom stocks ringing; MTNL, Bharti Airtel among gainers

ETMarkets.com|
Updated: Jan 11, 2018, 11.37 AM IST
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Market Now: Telecom stocks ringing; MTNL, Bharti Airtel among gainers
Bharti Airtel was among the top gainers in the Sensex index.
NEW DELHI: Most of the telecom stocks, including Sterlite Technologies (up 4.44 per cent), Himachal Futuristic Communications (up 3.41 per cent) and Mahanagar Telephone Nigam (up 2.18 per cent) were trading up in Thursday's trade.

The BSE Telecom index was trading 1.01 per cent up at 1,670 around 11:15 am (IST).

Shares of OnMobile Global (up 1.83 per cent), Bharti Airtel (up 1.58 per cent), ITI (up 1.27 per cent), Tata Communications (up 1.04 per cent), Idea Cellular (up 0.65 per cent) and Tejas Networks (up 0.62 per cent) were also in the green in the telecom index.

However, Vindhya Telelinks (down 1.69 per cent), Aksh Optifibre (down 0.68 per cent), Bharti Infratel (down 0.65 per cent), GTL (down 0.57 per cent), Tata Teleservices (Maharashtra) (down 0.29 per cent), Reliance Communications (down 0.15 per cent) and GTL Infrastructure (down 0.14 per cent) were trading down in the telecom index around that time.

Benchmark BSE Sensex was flat at 34,431, while the NSE Nifty50 index was 6 points down at 10,627.

Among the 50 stocks in the Nifty50 index, 21 were trading in the green, while 29 were in the red.

Bharti Airtel, Kotak Mahindra Bank and Tata Motors were leading the Sensex index.

Axis Bank, Wipro and Coal India were among the top losers in the Sensex kitty of stocks.
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