Telecom stocks in focus as spectrum auction ends

Bharti Airtel, Idea, RCom out-perform the broader market in early deals. 

Telecom stocks are in focus after the 19-day long auction ended yesterday amid fierce bidding for mobile phone airwaves.

According to media reports, the government has collected a record Rs 1.10 lakh crore in from the auction sale.

Telecom major - Bharti Airtel has recovered from opening low of Rs. 390, and is now up 0.3 per cent at Rs. 396.

Idea Cellular has advanced over a per cent to Rs. 175.

Reliance Communications has added 0.5 per cent to Rs. 61.45.

Meanwhile, the Sensex has slumped 168 points to 27,944.