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Telecom stocks edge lower

Business Finance

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Telecom stocks were trading in red, with the S&P BSE Telecom index decreasing 25.03 points or 1.88% at 1304.46 at 13:53 IST.

Among the components of the S&P BSE Telecom index, Bharti Infratel Ltd (down 9.16%), Tejas Networks Ltd (down 3.51%),GTL Infrastructure Ltd (down 2.94%),Reliance Communications Ltd (down 2.38%),Optiemus Infracom Ltd (down 1.81%), were the top losers. Among the other losers were HFCL Ltd (down 1.43%), Bharti Airtel Ltd (down 1.03%), and ITI Ltd (down 0.31%).

On the other hand, Vodafone Idea Ltd (up 4.03%), Vindhya Telelinks Ltd (up 2.49%), and Sterlite Technologies Ltd (up 1.12%) turned up.

At 13:53 IST, the S&P BSE Sensex was up 249.48 or 0.83% at 30445.65.

The Nifty 50 index was up 82.75 points or 0.93% at 8961.85.

The S&P BSE Small-Cap index was up 55.91 points or 0.54% at 10411.09.

The S&P BSE 150 Midcap Index index was up 23.72 points or 0.65% at 3688.47.

On BSE,1063 shares were trading in green, 1043 were trading in red and 144 were unchanged.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 14:00 IST