Sensex was up 270.43 points.

India’s biggest CDMA operator, Reliance Communications (RCOM) did not perform well in the market in the last quarter, as productivity in the wireless and broadband business sections dipped notably.

Reliance Communications presently trades at Rs 217.60, up by 4.75 points or 2.23% from its previous closing of Rs 212.85 on the BSE. The stock opened at Rs 214, and touched a high of Rs 221 with a low of Rs 214. So far, 1,209,137 shares were traded on the BSE.

Anil Ambani managed Reliance Communications (RCOM) has raised a fresh line of credit to the tune of $1.5 billion from leading international export development banks at less than prevailing commercial rate of interest in a move to fund the rollout of national GSM services in the country making it the largest debt mobilization by an Indian telecom company in the past two years.

Reliance Communications (RCom), Private sector telecom services major belonging to the Anil Dhirubhai Ambani Group