Telecom stocks edge lower

Telecom stocks were trading in red, with the S&P BSE Telecom index decreasing 72.55 points or 6.99% at 966.08 at 13:52 IST.

Among the components of the S&P BSE Telecom index, Vodafone Idea Ltd (down 33.4%), Bharti Infratel Ltd (down 16.08%),Vindhya Telelinks Ltd (down 12.34%),HFCL Ltd (down 10.14%),ITI Ltd (down 6.08%), were the top losers. Among the other losers were Tejas Networks Ltd (down 4.85%), Mahanagar Telephone Nigam Ltd (down 4.68%), Bharti Airtel Ltd (down 4.31%), Reliance Communications Ltd (down 3.95%), and GTL Infrastructure Ltd (down 3.7%).

At 13:52 IST, the S&P BSE Sensex was down 1117.84 or 3.66% at 29461.25.

 

The Nifty 50 index was down 348 points or 3.88% at 8619.05.

The S&P BSE Small-Cap index was down 583.71 points or 5.38% at 10260.08.

The S&P BSE 150 Midcap Index index was down 184.04 points or 4.83% at 3627.67.

On BSE,351 shares were trading in green, 1927 were trading in red and 139 were unchanged.

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