NEW DELHI: Most telecom stocks were trading in the negative territory in afternoon trade on Tuesday.The BSE Telecom index was trading 1.09 per cent down at 1,173 around 01:50 pm.
GTL Infrastructure (down 4.46 per cent), Reliance Communications (down 3.30 per cent) and Aksh Optifibre (down 3.04 per cent) were the top losers in the index.Shares of Himachal Futuristic Communications (HFCL) (down 2.73 per cent), Vindhya Telelinks (down 2.46 per cent), Tata Communications (down 2.32 per cent) and GTL (down 2.03 per cent) too fell significantly.Idea Cellular (down 1.76 per cent), Sterlite Technologies (down 1.73 per cent), MTNL (down 1.57 per cent), Tejas Networks (down 1.57 per cent), OnMobile Global (down 1.32 per cent), Bharti Airtel (down 1.24 per cent) and Bharti Infratel (down 0.73 per cent) fell in that order.
Meanwhile, GTPL Hathway (up 5.69 per cent), Tata Teleservices (Maharashtra) (up 1.19 per cent) and ITI (up 0.67 per cent) advanced.
Benchmark BSE Sensex was 114 points down at 38,198, while the NSE Nifty50 index was down 50 points at 11,532.
Among the 50 stocks in the Nifty index, 9 were trading in the green, while 41 were in the red.In the Sensex index, 9 stocks were advancing and 22 were declining.
Infosys, TCS and Wipro were trading with gains in the Sensex index.Hindustan Unilever, Asian Paints and Coal India were among the top losers in the Sensex index.