S&P BSE Telecom index was trading higher amid a weak market during Friday’s trading session. BSE Telecom index was trading up by 1.13% at 1,389 level on BSE at 1046 hours.
Bharti Infratel and Bharti Airtel were contributing majorly to the index gains. Among others, HFCL and Tata Communications were also contributing more than one points to the index gains.
HFCL was the top gainer in the index, trading up by 7.56% at Rs 32 per share. The stock has also traded new 52-week high at Rs 31.95 per share.
Among others, Bharti Infratel was trading up by nearly 3% at Rs 380 per share, Vindhya Telelinks was trading up by 1.70% at Rs 1,153 per share, Tata Communications was trading up by 1.60% at Rs 716 per share, Bharti Airtel was trading up by nearly 1% at Rs 402 per share and GTL Infrastructure was trading up by 0.88% at Rs 402 per share. MTNL was trading flat.
On the other hand, Tata Teleservices Maharashtra Ltd was the top loser in the index, trading down by nearly 6% at Rs 6.33 per share. Among others, OnMobile Global was trading lower by 2.54% at Rs 57 per share, Sterlite Technologies was trading down by 2.27% at Rs 222 per share and ITI was trading lower by 1.83% at Rs 91 per share.
Meanwhile, the major benchmark indices Sensex was trading lower by 65 points at 32,176 level and Nifty was trading lower by 32 points at 10,053 level.
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