Market Now: BSE Telecom index in the red; RCom, Bharti Airtel among top drags

NEW DELHI: Telecom stocks Reliance Communications (down 5.37 per cent), Himachal Futuristic Communications (down 3.26 per cent), GTL (down 2.51 per cent), Idea Cellular (down 2.43 per cent), Bharti Airtel (down 0.79 per cent), Tata Teleservices (Maharashtra) (down 0.55 per cent) and Tata Communications (down 0.32 per cent) were trading in the red in Tuesday's trade, dragging the BSE Telecom index down.

The S&P BSE Telecom index was trading 0.55 per cent down at 1,656 around 10:55 am (IST).

Shares of Mahanagar Telephone Nigam (up 3.73 per cent) and Bharti Infratel (up 1.85 per cent) were the two gainers in the BSE Telecom index around that time.


Benchmark BSE Sensex was 13 points down at 33,800, while the NSE Nifty50 index was trading flat at 10,436.

Among the 50 stocks in the Nifty50 index, 22 were trading in the green, while 28 were in the red.

Oil & Natural Gas Corporation, Tata Motors Mahindra & Mahindra, NTPC and Coal India were trading as the top gainers in the Sensex index.

YES Bank, State Bank of India and Asian Paints were among the laggards of the Sensex kitty.