Today Most Telecom Stocks Were Suffering Losses In Afternoon Trade
Most telecom stocks were suffering losses in afternoon trade on Wednesday, keeping the sectoral index down. The BSE Telecom index was trading 2.59 per cent down at 1,131 around 02:40 pm.
GTL Infrastructure, ITI, Bharti Infratel and Idea Cellular were the top losers in the index.
Sterlite Technologies, GTL, OnMobile Global, Tejas Networks, Vindhya Telelinks and Bharti Airtel declined over 2 per cent.
MTNL, Tata Communications, GTPL Hathway, Aksh Optifibre, Tata Teleservices and Himachal Futuristic Communications declined in that order.
Reliance Communications was the only stock in the index that was in the green around that time.
Benchmark BSE Sensex was 248 points down at 37,910, while the NSE Nifty50 index was down 81 points at 11,439.
Among the 50 stocks in the Nifty index, 16 were trading in the green, while 34 were in the red. In the Sensex kitty of stocks, 11 stocks were advancing, while 20 were declining in trade. YES Bank, Wipro and Vedanta were trading up in the Sensex index. HUL, Bharti Airtel and Reliance Industries were among the top losers in the Sensex index.