Share market update : Telecom stocks bullish; Reliance Communications surges above 7%

Share market update : Telecom stocks bullish; Reliance Communications surges above 7%


Telecom shares were trading in a positive terrain with the S&P BSE Telecom index was trading 0.68 per cent up at 973.15 around 02:33 pm on Tuesday.

Shares of Reliance Communications (up 7.40 per cent), Vindhya Telelinks (up 4.73 per cent), OnMobile Global (up 4.26 per cent) and Tejas Networks (up 4.07 per cent) were the top performers in the index. Himachal Futuristic Communications (up 2.96 per cent), Vodafone Idea (up 2.65 per cent), Tata Teleservices (Maharashtra) (up 1.76 per cent) and Aksh Optifibre (up 1.66 per cent) too were trading in the green.

Benchmark NSE Nifty50 index was down 48.80 points at 10,202.05 while BSE Sensex was 187.7 points at 33,879.7 at that time.

Among the 50 stocks in the Nifty index, 20 were trading in the green, while 30 were in the red.


Shares of Reliance Communications, JP Associates, Adani Power, Dewan Housing, Bank of Baroda, Union Bank India, YES Bank, PNB, Infibeam Avenues, BEL, South Indian Bank, Suzlon Energy, SBI, ICICI Bank, Tata Power and PC Jeweller were among the most traded shares on the NSE.

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