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The Relative Strength Index (RSI) RSI is at 71.6. RSI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

On the technical charts, the RSI of the stock stood at 52.0.

Bharti Airtel, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 460245.06 Crore) operating in Telecommunications sector.

As of 31-Dec-2022, promoters held 69.4 per cent stake in the company, while FIIs held 11.08 per cent and domestic institutional investors had 4.08 per cent.

REC is a Maharatna Central Public Sector Undertaking under the Ministry of Power. It is a leading infrastructure finance company with a market cap of Rs 32,441 crore (as on 10 March 2023). Its business activities involve financing projects in the complete power sector value chain, be it generation, transmission or distribution.

A total of 362 shares changed hands on the counter till 11:48AM (IST)

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From the Sensex pack, ICICI Bank, Bajaj Finance, L&T and Bajaj Finserv were the top losers, falling over 1.5%. Tech Mahindra, HDFC bank, IndusInd Bank, Infosys and Axis Bank also opened with cuts. Meanwhile, only Tata Motors and Bharti Airtel opened with gains.

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The Relative Strength Index of the stock stood at 56.98 on Friday.