Market Now: Telecom index buzzing; MTNL, Idea Cellular up over 2%

NEW DELHI: Most telecom stocks buzzed on Tuesday, giving the sectoral index a big push.

The BSE Telecom index was trading 0.25 per cent up at 1,205 around 11:50 am.

Out of total 17 components on the BSE Telecom index, 11 advanced while 5 stepped back. One stock was unchanged.


Tejas Networks (up 3.46 per cent), GTPL Hathway (2.83 per cent), Aksh Optifibre (2.71 per cent), MTNL (2.40 per cent), Idea Cellular (2.03 per cent), Bharti Airtel (0.46 per cent), Sterlite Technologies (0.39 per cent) and Tata Teleservices (Maharashtra) (0.19 per cent) were at the centre of action.

However, Reliance Communications (down 1.85 per cent), Tata Communications (1.70 per cent), GTL (1.33 per cent), Bharti Infratel (0.62 per cent), GTL Infrastructure (0.58 per cent) and Himachal Futuristic Communications (0.37 per cent) went off-track.

Benchmark NSE Nifty50 index was up 88 points at 10,894 while the BSE Sensex rallied 308 points to 35,865.

In the Sensex bloc, 24 stocks rose while 7 moved down.

Tata Steel, YES Bank and Power Grid had a great run.