INSUBCONTINENT EXCLUSIVE:
NEW DELHI: 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 (down 4.67 per cent), ITI (down 4.06 per cent), Bharti Infratel (down 3.86 per cent) and Idea Cellular (down 3.74 per
cent) were the top losers in the index
Sterlite Technologies (down 2.88 per cent), GTL (down 2.53 per cent), OnMobile Global (down 2.26 per cent), Tejas Networks (down 2.26 per
cent), Vindhya Telelinks (down 2.25 per cent) and Bharti Airtel (down 2.05 per cent) declined over 2 per cent
MTNL (down 1.94 per cent), Tata Communications (down 1.46 per cent), GTPL Hathway (down 1.03 per cent), Aksh Optifibre (down 0.84 per
cent), Tata Teleservices (Maharashtra) (down 0.40 per cent) and Himachal Futuristic Communications (down 0.20 per cent) declined in that
order.
Reliance Communications (up 0.86 per cent) 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.
