Among the components of the S&P BSE Telecom index, HFCL Ltd (up 5.98%), GTPL Hathway Ltd (up 4.69%),Bharti Airtel Ltd (up 1.94%),Tejas Networks Ltd (up 1.8%),Reliance Communications Ltd (up 1.45%), were the top gainers. Among the other gainers were Sterlite Technologies Ltd (up 0.86%), Tata Communications Ltd (up 0.86%), Mahanagar Telephone Nigam Ltd (up 0.42%), and Vindhya Telelinks Ltd (up 0.22%).
On the other hand, Indus Towers Ltd (down 1.11%), Vodafone Idea Ltd (down 0.42%), and OnMobile Global Ltd (down 0.4%) moved lower.
At 09:48 IST, the S&P BSE Sensex was up 369.9 or 0.76% at 49152.41.
The Nifty 50 index was up 113.65 points or 0.79% at 14460.9.
The S&P BSE Small-Cap index was up 105.52 points or 0.56% at 19014.11.
The S&P BSE 150 Midcap Index index was up 12.16 points or 0.19% at 6355.07.
On BSE,1618 shares were trading in green, 798 were trading in red and 135 were unchanged.