Stock market update: Telecom stocks mixed; MTNL among the top losers

NEW DELHI: Telecom stocks were trading mixed during afternoon trade on Friday.

Shares of OnMobile Global (down 3.94 per cent), MTNL (down 3.39 per cent) and GTL (down 2.98 per cent) were top losers in the telecom index.

Shares of GTL Infrastructure, Himachal Futuristic Communications and Sterlite Technologies tanked up to 2 per cent in the index, whereas Vindhya Telelinks, Tata Communications, Bharti Airtel and GTPL Hathway fell up to 1 per cent.


The BSE Telecom index was trading 0.06 per cent down at 1,199 around 2 pm.

On the other hand, shares of ITI (up 6.37 per cent) and Idea Cellular (up 2.93 per cent) were trading with decent gains.

Tata Teleservices (Maharashtra) (up 1.21 per cent), Bharti Infratel (up 1.12 per cent), Aksh Optifibre (up 1.12 per cent), Reliance Communications (up 0.32 per cent) and Tejas Networks (up 0.17 per cent) were also in the green.

Benchmark BSE Sensex was 131 points down at 35,332, while the NSE Nifty50 index was down 39 points at 10,729.

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

In the Sensex index, 10 stocks were up and 21 were down.

Sun Pharma, Dr Reddy's Labs and Tata Motors were at the top in the Sensex index.

Power Grid Corporation, HDFC and ICICI Bank were among the top losers in the Sensex index.