Major telecom stocks such as Bharti, Idea and RCom gained on
Tuesday after the Department of Telecom (DoT) said it has not
received applications for GSM spectrum auctions in 1800MHz and
900MHz bands. The deadline for submitting applications was
Monday.
Bharti Airtel surged 4.07%, to trade at Rs 319.55. Total volume
of shares traded on the bourses today was lower by 28.77% to
3,669,488 compared with 22-day average volume of 5,151,334.Idea
Cellular climbed 2.99%, to trade at Rs 117.20. Total volume of
shares traded on the bourses today was lower by 22.34% to 3,279,013
compared with 22-day average volume of 4,222,506.Reliance
Communications gained 0.79%, to trade at Rs 69.80. Total volume of
shares traded on the bourses today was lower by 81.29% to 2,787,730
compared with 22-day average volume of 14,901,711.
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