Telecom stocks edge lower

Telecom stocks were trading in red, with the S&P BSE Telecom index decreasing 42.56 points or 4.39% at 925.84 at 13:47 IST.

Among the components of the S&P BSE Telecom index, Vodafone Idea Ltd (down 14.29%), Mahanagar Telephone Nigam Ltd (down 5.35%),Optiemus Infracom Ltd (down 4.9%),Bharti Airtel Ltd (down 4.55%),Reliance Communications Ltd (down 3.9%), were the top losers. Among the other losers were Himachal Futuristic Communications Ltd (down 3.89%), GTL Infrastructure Ltd (down 3.51%), Sterlite Technologies Ltd (down 3.44%), OnMobile Global Ltd (down 2.09%), and Bharti Infratel Ltd (down 2.07%).

On the other hand, Vindhya Telelinks Ltd (up 0.23%), turned up.

 

At 13:47 IST, the S&P BSE Sensex was down 363.42 or 0.94% at 38303.91.

The Nifty 50 index was down 80.6 points or 0.7% at 11393.85.

The S&P BSE Small-Cap index was down 204.76 points or 1.55% at 12966.

The S&P BSE 150 Midcap Index index was down 89.18 points or 2.01% at 4344.35.

On BSE,646 shares were trading in green, 1640 were trading in red and 138 were unchanged.

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