Among the components of the S&P BSE Telecom index, Mahanagar Telephone Nigam Ltd (up 5.82%), Indus Towers Ltd (up 3.03%),Reliance Communications Ltd (up 2.71%),Bharti Airtel Ltd (up 1.62%),Vodafone Idea Ltd (up 1.01%), were the top gainers. Among the other gainers were HFCL Ltd (up 0.74%), ITI Ltd (up 0.16%), and GTPL Hathway Ltd (up 0.04%).
On the other hand, OnMobile Global Ltd (down 1.78%), Sterlite Technologies Ltd (down 1.22%), and Vindhya Telelinks Ltd (down 1.12%) moved lower.
At 09:48 IST, the S&P BSE Sensex was up 37.56 or 0.08% at 48475.34.
The Nifty 50 index was up 1.55 points or 0.01% at 14201.05.
The S&P BSE Small-Cap index was up 134.74 points or 0.72% at 18776.48.
The S&P BSE 150 Midcap Index index was up 43.02 points or 0.7% at 6217.79.
On BSE,1565 shares were trading in green, 745 were trading in red and 99 were unchanged.