Telecom shares rise

Telecom stocks were trading with gains, with the S&P BSE Telecom index rising 22.03 points or 1.59% at 1404.5 at 09:50 IST.

Among the components of the S&P BSE Telecom index, ITI Ltd (up 5.89%), Vodafone Idea Ltd (up 5.13%),Reliance Communications Ltd (up 4.68%),HFCL Ltd (up 4.14%),Bharti Airtel Ltd (up 1.61%), were the top gainers. Among the other gainers were OnMobile Global Ltd (up 1.46%), Sterlite Technologies Ltd (up 1.16%), Indus Towers Ltd (up 0.96%), Tata Communications Ltd (up 0.82%), and GTPL Hathway Ltd (up 0.8%).