Stock market update: Telecom stocks fall; GTL Infra dips 5%

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NEW DELHI: Telecom shares had been buying and selling on a unfavourable be aware at 01:44PM (IST) on Thursday.

Shares of GTL Infrastructure (down 4.88 per cent), Vindhya Telelinks (down 3.04 per cent), OnMobile International (down 2.48 per cent), Tata Communications (down 2.06 per cent) and Bharti Airtel (down 1.85 per cent) had been the highest losers within the index.

Whereas Optiemus Infracom (up 4.94 per cent), Reliance Communications (up 1.48 per cent), HFCL Ltd (up 1.32 per cent), Mahanagar Phone Nigam (up 0.54 per cent) and Tejas Community (up 0.23 per cent) had been among the many prime gainers.

The S&P BSE Telecom index was buying and selling 1.68 per cent down at 1242.82 round 01:44PM.

Benchmark NSE Nifty50 index was down 79.50 factors at 11328.9, whereas the BSE Sensex was down 332.83 factors at 38281.96.

Among the many 50 shares within the Nifty index, 18 had been buying and selling within the inexperienced, whereas 32 had been within the purple.

Shares of YES Financial institution, Vodafone Thought, Zee Ent., Tata Energy and BHEL had been among the many most traded shares on the NSE.

Shares of ABB Energy Merchandise, Essel Propack, Torrent Energy, JSPL and Atul Ltd hit their contemporary 52 week excessive in at the moment’s commerce, whereas Panth Infinity Ltd., Svaraj Buying and selling & Companies Ltd., Darshan Orna Ltd., Unishire City Infra Ltd., Main Leasing Finance and Funding Firm Ltd., Modulex Development Applied sciences Ltd., N2N Applied sciences Ltd., Ajwa Enjoyable World & Resorts Ltd., Omansh Enterprises Ltd. and Sylph Applied sciences Ltd. hit contemporary 52 week low in commerce.

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