Share market update: Telecom shares rise; MTNL jumps nearly 8%

NEW DELHI: Telecom shares were trading with gains in Wednesday's afternoon session.

Shares of Mahanagar Telephone Nigam (up 7.86 per cent), Tata Teleservices (Maharashtra) (up 4.79 per cent), Aksh Optifibre (up 4.43 per cent) and Reliance Communications (up 4.32 per cent) were the top performers in the telecom pack.

ITI (up 2.79 per cent), GTL Infrastructure (up 1.32 per cent), Vodafone Idea (up 0.60 per cent) and GTL (up 0.35 per cent) too were trading in the positive zone.


Meanwhile, the S&P BSE Telecom index was trading 0.28 per cent down at 991.89 around 11:57 am.

Benchmark NSE Nifty50 index was down 0.10 points at 11,910.20 while the BSE Sensex was up 7.78 points at 39,824.26.

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

Shares of YES Bank, Adani Power, Vodafone Idea, Suzlon Energy, Mindtree, PNB, Ashok Leyland, Rail Vikas Nigam, PowerGrid and Bank of Baroda were among the most traded shares on the NSE.

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