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Telecom Stocks Rise: BSE Index Trading 1.72 Percent Up

By Sreyasi De 08 Feb 2018

Today at 12pm (IST), the BSE telecom index was trading at 1,437 which is 1.72% up from the usual. In the same time, most of the telecom stocks were trading up including Himachal Futuristic Communications (up by 7.41 per cent), Reliance Communications (up by 4.17 per cent), Idea Cellular (up 3.51 per cent), MTNL (up by 2.68 per cent) and Bharti Infratel (up by 2.11 per cent). Also, other players including ITI (up by 4.12 per cent), Tata Communications (up by 1.06 per cent), Tata Teleservices (M) (up by 0.95 per cent), GTL (up by 2.58 per cent), Aksh Optifibre (up by 4.22 per cent), OnMobile Global (up by 6.73 per cent) and Sterlite Technologies (up by 2.01 per cent) hit the list. The key equity indices were trading up over other sectors including pharma, IT banking etc. Yesterday RBI had published status quo in its monetary policy review which have affected the trade scales. NSE Nifty50 index was at 10,605 which is 129 points up while BSE sensex was up at 34,533 with 451 points up. Players from other sector who are in gainer list of stock kitty index include Infosys, Dr Reddy's Labs, and HDFC. While, most of the players were gaining today, there were also few players who were nagging behind the list with downward. GTL Infrastructure (down by 0.36 per cent), Tejas Networks (down by 0.53 per cent), and Vindhya Telelinks (down by 0.13 per cent) were among those whose stocks went down. Shares of PGCIL also dropped by 1 per cent in this BSE index.

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