Telecom shares advance; RCom jumps 5%

NEW DELHI: Telecom shares were trading with gains in Thursday's afternoon session.Shares of Reliance Communications (up 5 per cent), GTL (up 4.96 per cent), Mahanagar Telephone Nigam (up 2.84 per cent) and Vodafone Idea (up 1.71 per cent) were trading higher. Bharti Infratel (up 1.49 per cent), Vindhya Telelinks (up 1.22 per cent), Tata Teleservices (Maharashtra) (up 0.85 per cent) and Sterlite Technologies (up 0.83 per cent) too were trading with gains. The S&P BSE Telecom index was trading 0.08 per cent up at 992.67 around 11:55 am. Benchmark NSE Nifty50 index was up 49.65 points at 11,897.20 while the BSE Sensex was up 168.27 points at 39,760.35. Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red. Shares of IDFC, Suzlon Energy, Vodafone Idea, GMR Infra, Dish TV India, YES Bank, Shriram Transport Finance, Indiabulls RE, TV18 Broadcast and Infibeam Avenues were among the most traded shares on the NSE.Bull or Bear? Stay on top of the game with our LIVE MARKET BLOG

from Economic Times https://ift.tt/2KFn3zT