Telecom stocks edge lower
Telecom stocks were trading in red, with the BSE Telecommunication index decreasing 59.52 points or 2.27% at 2557.51 at 13:47 IST.
Among the components of the BSE Telecommunication index, Tejas Networks Ltd (down 4.9%), Bharti Hexacom Ltd (down 3.68%),Suyog Telematics Ltd (down 3.64%),ITI Ltd (down 3.2%),Mahanagar Telephone Nigam Ltd (down 2.95%), were the top losers. Among the other losers were Tata Teleservices (Maharashtra) Ltd (down 2.69%), Indus Towers Ltd (down 2.41%), Route Mobile Ltd (down 2.12%), Bharti Airtel Ltd (down 2.08%), and HFCL Ltd (down 1.99%).
On the other hand, Railtel Corporation of India Ltd (up 0.79%), and Sterlite Technologies Ltd (up 0.22%) turned up.
At 13:47 IST, the BSE SmallCap was down 537.96 or 1.17% at 45318.04.
The BSE 150 MidCap Index index was down 164.79 points or 1.18% at 13850.65.
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The Nifty 50 index was down 262.95 points or 1.15% at 22532.95.
The BSE Sensex index was down 908.25 points or 1.21% at 74402.81.
On BSE,1144 shares were trading in green, 2790 were trading in red and 189 were unchanged.
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First Published: Feb 24 2025 | 2:00 PM IST