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Sectorally, the action was seen in the S&P BSE Telecom index which rallied by 10 percent, followed by Capital Goods (up 7.2 percent), and the S&P BSE Bankex (up 6.6 percent). Volume spike of more than 100% was seen in Jindal Steel, Adani Power, Exide Industries, and JustDial.
BSE Telecom index gains 5%; Vodafone Idea surges 32%
On the other hand, the BSE Telecom index rose 1.21 percent, followed by FMCG and Consumer Durables indices that rose 0.93 percent and 0.78 percent, respectively.
Sectorally, the S&P BSE Telecom index was the lone gainer, up 0.25 percent while profit-taking was visible in Realty which fell 2.1 percent, followed by the S&P BSE Auto index that was down 2.12 percent, and the Capital Goods index fell 2.1 percent.
BSE Telecom index trades flat; Airtel makes payment to DoT
Sectorally, the action was seen in the S&P BSE Telecom which rose 1.9 percent, followed by the S&P BSE Public Sector that was up 1.5 percent, and the S&P BSE Oil & Gas index rose nearly 1 percent.
#Telecom companies: Shares of telecom companies could be in focus on Wednesday over the growing concerns of adjusted gross revenues (AGR) payout. BSE Telecom fell 4.1% in Tuesday’s trade with shares of Vodafone Idea closing 7.6% lower at ₹5.4 apiece.
Most sectoral indices closed the day in the red, with BSE Realty, Power, Metal, Auto and Utilities falling over a percent each. However, BSE Telecom bucked the trend and closed 2.12 percent higher, supported by gains in shares of Bharti Infratel, Vodafone Idea and Bharti Airtel.
The BSE Telecom pack bucked the trend and closed 1.89 percent higher, on gains in shares of Vodafone Idea (up 7.76 percent), Bharti Airtel (up 1.85 percent) and Bharti Infratel (up 1.63 percent).
BSE Telecom index climbs 2% led by Bharti Airtel, Vodafone Idea
In terms of stocks that are on the losing front – the S&P BSE telecom index was down 1.7 percent, followed by the S&P BSE Energy index which fell 1.4 percent, and the Capital Goods index fell 1.1 percent.
Stocks & Sectors: Sectorally, the S&P BSE Consumer Durable index rose 1.2 percent, followed by the S&P BSE Public Sector which gained 1.02 percent, and the S&P BSE Telecom index gained 0.92 percent.
BSE Telecom index slips 2% led by Airtel, Vodafone Idea #StockMarket
It took only a fortnight for #BSE Telecom index to move from a 1-year low level to 1-year high. Stocks jumped as 3 main telcos raised tariffs by up to 50%. Subscribe to #MCPro as Shishir Asthana tells if this is enough to revive fortunes of ailing players
Telecom stocks soar RIL, which operates Jio, was up 2.28 per cent at Rs 1,586. BSE Telecom Index ended 2.64 per cent higher at 1,145.
BSE Telecom slips ~4% after DoT says it will not raise issue of tariff hikes with TRAI
BSE Telecom index drops ~3%; Vodafone Idea slips 5%