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Telecom stocks edge higher

Capital Market 

Telecom stocks were trading in green, with the S&P BSE Telecom index increasing 27.43 points or 2.9% at 973.51 at 09:47 IST.

Among the components of the S&P BSE Telecom index, Vodafone Idea Ltd (up 4.28%), Reliance Communications Ltd (up 3.9%),Bharti Airtel Ltd (up 3.8%),Sterlite Technologies Ltd (up 2.81%),Vindhya Telelinks Ltd (up 2.2%), were the top gainers. Among the other gainers were Tejas Networks Ltd (up 1.8%), Bharti Infratel Ltd (up 0.53%), and ITI Ltd (up 0.24%).

On the other hand, Mahanagar Telephone Nigam Ltd (down 5.12%), Optiemus Infracom Ltd (down 4.95%), and GTL Infrastructure Ltd (down 3.39%) turned lower.

At 09:47 IST, the S&P BSE Sensex was down 144.76 or 0.38% at 38033.19.

The Nifty 50 index was down 43.05 points or 0.38% at 11270.25.

The S&P BSE Small-Cap index was down 5.87 points or 0.05% at 12790.6.

The S&P BSE 150 Midcap Index index was down 18.78 points or 0.43% at 4330.6.

On BSE,595 shares were trading in green, 707 were trading in red and 69 were unchanged.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 10 2019. 10:00 IST