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Stock market update: Telecom stocks mixed; Idea Cellular gains, but Bharti Airtel under pressure

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NEW DELHI: The BSE Telecom index was slightly up by 0.14 per cent at 1,222 around 12:40 pm on Tuesday, while the index components were trading mixed.

Shares of Sterlite Technologies (up 2.94 per cent), Himachal Futuristic Communications (up 2.25 per cent) and Idea Cellular (up 1.33 per cent) were the top gainers in the index.

Shares of GTPL Hathway (up 1.09 per cent), Tata Communications (up 0.79 per cent), Aksh Optifibre (up 0.63 per cent), MTNL (up 0.60 per cent) and Bharti Infratel (up 0.40 per cent) were also in the green.

However, Vindhya Telelinks (down 1.43 per cent), Reliance Communications (down 0.96 per cent), ITI (down 0.96 per cent), Tejas Networks (down 0.90 per cent) and Bharti Airtel (down 0.71 per cent) were among the top losers in the index.

OnMobile Global (down 0.54 per cent) and Tata Teleservices (Maharashtra) (down 0.39 per cent) were also under pressure.

Meanwhile, shares of GTL Infrastructure were trading flat around that time.

Benchmark BSE Sensex was up 231 points at 35,715, while the NSE Nifty50 index was up 65 points at 10,852.

Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red.

In the Sensex index, 24 stocks were advancing and 7 were declining in trade.

Dr. Reddy's Laboratories was leading the pack of Sensex gainers, rising over 4 per cent.

On the other hand, Power Grid, Coal India, Tata Steel and Bharti Airtel were among the top losers in the Sensex kitty of stocks.

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