BSE Telecom index nears record high; up 3%

Idea Cellular, Bharti Airtel, RCom, Tejas Networks, GTL, GTL Infra, Aksh Optifibre and Sterlite Technologies from the telecom index have surged up to 12% on BSE in intra-day trade.

Shares of telecommunication companies were in focus with the S&P BSE Telecom index rallying more than 3% on BSE, trading close to its record high.

Idea Cellular, Bharti Airtel, Reliance Communications (RCom), Tejas Networks, GTL, GTL Infrastructure, Aksh Optifibre and Sterlite Technologies from the telecom index have surged up to 12% on BSE in intra-day trade.

At 02:19 PM; the S&P BSE Telecom index, the largest gainer among sectoral indices, was up 3% at 1,725, as compared to 0.51% rise in S&P BSE Sensex. The telecom index hit an intra-day high of 1,728, trading close to its record