Market Now: Telecom stocks gain; Idea Cellular, Bharti Airtel up 1%

NEW DELHI:

     Telecom stocks Sterlite Technologies (up 2.71 per cent), Tata CommunicationsBSE 0.45 % (up 1.71 per cent), GTL (up 1.41 per cent), Idea CellularBSE 0.43 % (up 0.90 per cent), Bharti Infratel (up 0.83 per cent) and Bharti AirtelBSE 1.28 % (up 0.82 per cent) were trading up in Wednesday's trade.  

    The BSE Telecom index was trading 0.91 per cent up at 1,490 around 10:50 am (IST). 

 

     Shares of OnMobile Global (up 0.72 per cent), Himachal Futuristic Communications (up 0.34 per cent), ITI (up 0.26 per cent), Mahanagar Telephone NigamBSE 0.19 % (up 0.19 per cent) and Aksh OptifibreBSE 0.64 % (up 0.13 per cent) were also trading up in the index. 
    On the other hand, Vindhya Telelinks (down 1.34 per cent), Reliance CommunicationsBSE -2.16 % (down 1.16 per cent), Tata TeleservicesBSE -1.28 % (Maharashtra) (down 0.43 per cent), Tejas Networks (down 0.37 per cent) and GTL Infrastructure (down 0.33 per cent) were down in the index around that time. 

     The benchmark indices were in the negative zone as participants trimmed positions ahead of the Union budget amid fresh outflow by foreign funds. 

    The BSE Sensex was 106 points down at 35,928, while the NSE Nifty50 index was 26 points down at 11,024. 
Among the 50 stocks in the Nifty50 index, 21 were trading in the green, while 29 were in the red. 

     DR. Reddy's Laboratories, Coal India and Hindustan Unilever were among the top losers in the Sensex index. 
    Kotak Mahindra Bank, Bharti Airtel and Hero MotoCorp were leading the Sensex index. 

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