Share market update: Telecom shares fall; RCom slumps 5%

NEW DELHI: Telecom shares were trading with losses in Tuesday's morning session.

Shares of Reliance Communications (down 5.0 per cent) , Mahanagar Telephone Nigam (down 3.85 per cent) , GTL Infrastructure (down 3.77 per cent) , Bharti Infratel Ltd (down 2.38 per cent) , Tejas Network (down 2.34 per cent) , Sterlite Technologies (down 1.94 per cent) , HFCL Ltd (down 1.43 per cent) , ITI (down 0.81 per cent) , Optiemus Infracom (down 0.51 per cent) and Aksh Optifibre (down 0.48 per cent) were the top losers in the index.

The S&P BSE Telecom index was trading 0.17 per cent down at 1104.54 around 11:44 am.


Benchmark NSE Nifty50 index was down 32.70 points at 11,904.80, while the BSE Sensex was down 103.03 points at 40,384.40.

Among the 50 stocks in the Nifty index, 18 were trading in the green, while 32 were in the red.

Shares of Vodafone Idea, YES Bank, L&T Fin Holding, BHEL, Tata Motors, Bank of Baroda, Zee Ent., REC and Thermax were among the most traded shares on the NSE.