INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Telecom stocks Aksh Optifibre (down 6.13 per cent), GTL (down 5.61 per cent), Reliance Communications (down 4.86 per cent), GTL
Infrastructure (down 4.38 per cent), Himachal Futuristic Communications (down 4.22 per cent) and OnMobile Global (down 4.10 per cent) were
incurring strong losses during afternoon trade on Wednesday.
The BSE Telecom index was trading 0.75 per cent down at 1,166 around 12:20 pm
Shares of ITI (down 3.64 per cent), Tejas Networks (down 3.19 per cent), Mahanagar Telephone Nigam (down 2.99 per cent), Tata Teleservices
(Maharashtra) (down 2.89 per cent) and Idea Cellular (down 2.42 per cent) also declined significantly.
GTPL Hathway (down 1.82 per cent),
Bharti Airtel (down 1.39 per cent), Sterlite Technologies (down 0.56 per cent) and Tata Communications (down 0.23 per cent) also were in the
Meanwhile, Bharti Infratel (up 2.46 per cent) and Vindhya Telelinks (up 1.69 per cent) were the two stocks that were up in the telecom
index around the same time
Weak global cues, surging crude oil prices and a lack of fresh positive trigger at home were keeping the domestic equity market
down.
Investors were restricting their bets ahead of the expiry of June series of future and option contracts tomorrow.
Benchmark BSE Sensex
was 101 points down at 35,389, while the NSE Nifty50 index was down 46 points at 10,723
Among the 50 stocks in the Nifty index, 12 were trading in the green, while 38 were in the red
In the Sensex index, 8 stocks were advancing, while 23 stocks were declining.
ICICI Bank, Power Grid Corporation and Larsen Toubro were
leading among Sensex losers.
