Share market update: Telecom shares fall; Aksh Optifibre slumps 9%

NEW DELHI: Telecom shares were trading with losses in Wednesday's afternoon session.

Shares of Aksh Optifibre (down 9.42 per cent), Bharti Infratel (down 2.41 per cent), Vindhya Telelinks (down 1.76 per cent) and OnMobile Global (down 1.70 per cent) were the worst performers in the index.

ITI (down 1.02 per cent), Mahanagar Telephone Nigam (down 0.99 per cent), Tata Teleservices (Maharashtra) (down 0.66 per cent) and Himachal Futuristic Communications (down 0.46 per cent) too were trading lower.


The S&P BSE Telecom index was trading 0.63 per cent down at 974.19 around 12:13 pm.

Benchmark NSE Nifty50 index was up 23.80 points at 10,855.20 while the BSE Sensex was up 89.15 points at 36,242.77.

Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red.

Shares of Reliance Communications, Reliance Power, CG Power, Suzlon Energy, Dish TV India, JP Associates, Adani Power, Indiabulls RE, Sun Pharma, Reliance Capital, Tata Power, Reliance Infra, YES Bank, DHFL, SBI and Vodaofne Idea were among the most traded shares on the NSE.