Share market update: Telecom shares jump; Vodafone Idea surges 21%

NEW DELHI: Telecom shares were trading with gains in Monday’s morning session.

Shares of Vodafone Idea (up 21.08 per cent) , Bharti Airtel (up 7.08 per cent) , Reliance Communications (up 4.94 per cent) and GTL Infrastructure (up 4.08 per cent) were trading in the positive zone.

Mahanagar Telephone Nigam (up 3.45 per cent) , Tejas Networks (up 2.98 per cent) , Sterlite Technologies (up 2.42 per cent) and Bharti Infratel (up 2.07 per cent) were among the top gainers.

The S&P BSE Telecom index was trading 6.51 per cent up at 1188.87 around 11:11 am.

Benchmark NSE Nifty50 index was down 16.50 points at 12,039.55, while the BSE Sensex was down 18.44 points at 40,775.37.

Among the 50 stocks in the Nifty index, 12 were trading in the green, while 36 were in the red.

Shares of Vodafone Idea, YES Bank, NCC, ZEEL, Ashok Leyland, BHEL, Bharti Airtel, Bank of Baroda and GMR Infra were among the most traded shares on the NSE.


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