Share market update: Telecom shares slip; Vodafone Idea slumps 6%

NEW DELHI: Telecom shares were trading lower in Thursday's afternoon session.

Shares of Vodafone Idea (down 6.10 per cent), GTL Infrastructure (down 4.08 per cent), Tejas Networks (down 2.97 per cent) and Aksh Optifibre (down 2.48 per cent) were the top losers in the index.

Reliance Communications (down 1.35 per cent), Bharti Infratel (down 0.78 per cent), Mahanagar Telephone Nigam (down 0.77 per cent) and Bharti Airtel (down 0.67 per cent) too were trading with losses.


The S&P BSE Telecom index was trading 0.92 per cent down at 987.93 around 11:35 am.

Benchmark NSE Nifty50 index was down 13.20 points at 11,450.80 while the BSE Sensex was up 8.10 points at 38,607.09.

Among the 50 stocks in the Nifty index, 21 were trading in the green, while 28 were in the red.

Shares of Vodafone Idea, YES Bank, PNB, NBCC, Tata Motors, Dish TV India, SAIL, Bajaj Corp and Ashok Leyland were among the most traded shares on the NSE.