NEW DELHI: The SP BSE Telecom index was trading 0.52 per cent down at 997.54 around 12:20 pm on Wednesday with most of its components trading in red.
Shares of Mahanagar Telephone Nigam (down 4.90 per cent), Reliance Communications (down 2.43 per cent), GTPL Hathway (down 1.23 per cent), and Bharti Airtel (down 1.11 per cent) were trading in red.OnMobile Global (down 0.80 per cent), ITI (down 0.48 per cent) and Vodafone Idea (down 0.40 per cent) too were trading lower.
Benchmark NSE Nifty50 index was down 40.50 points at 10,869.60 while BSE Sensex was down 109.91 points at 36,144.66.
Among 50 stocks in Nifty index, 16 were trading in green, while 34 were in red.
Shares of Reliance Communications, JP Associates, YES Bank, Ashok Leyland, PNB, Hind Construction Company, Bank of Baroda, NCC, Vakrangee, Bank of India, SBI, Suzlon Energy, Tata Power, Vedanta, JSPL and South Indian Bank were among most traded shares on NSE.