Telecom stocks were trading in red, with the S&P BSE Telecom index decreasing 47.3 points or 3.38% at 1350.55 at 13:48 IST.
Among the components of the S&P BSE Telecom index, Bharti Airtel Ltd (down 4.81%), Vodafone Idea Ltd (down 3.18%), and Tejas Networks Ltd (down 0.03%), were the top losers.
On the other hand, Sterlite Technologies Ltd (up 4.71%), Mahanagar Telephone Nigam Ltd (up 3.9%), and Tata Communications Ltd (up 2.5%) turned up.
At 13:48 IST, the S&P BSE Sensex was up 730.85 or 1.49% at 49830.84.
The Nifty 50 index was up 229.7 points or 1.58% at 14758.85.
The S&P BSE Small-Cap index was up 278.46 points or 1.38% at 20433.81.
The S&P BSE 150 Midcap Index index was up 74.74 points or 1.11% at 6784.51.
On BSE,1857 shares were trading in green, 1084 were trading in red and 190 were unchanged.
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