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NEW DELHI: Even as a majority of telecom stocks were incurring losses, gains in GTPL Hathway (up 2.60 per cent), Bharti Infratel (up 1.49 per cent), Bharti Airtel (up 0.72 per cent) and Idea Cellular (up 0.67 per cent) were keeping the sectoral index up.The BSE Telecom index was trading 0.22 per cent up at 1,177 around 11:50 am.
On the other hand, Reliance Communications (down 8.47 per cent), ITI (down 7.36 per cent) and GTL Infrastructure (down 5 per cent) were the top losers among the telecom stocks.OnMobile Global, Vindhya Telelinks, Sterlite Technologies, Tejas Networks, MTNL and GTL declined over 2 per cent in the telecom index.Shares of Tata Teleservices (Maharashtra), Himachal Futuristic Communications, Aksh Optifibre and Tata Communications declined up to 1 per cent.Market sentiment was subdued on selling in most sectors, led by metal, pharma, realty and auto.Surging oil prices and falling rupee hit market mood.
Benchmark BSE Sensex was 135 points down at 34,713, while the NSE Nifty50 index was down 51 points at 10,546.
In the Sensex index, 11 stocks were in the green, while 20 were in the red.TCS, State Bank of India and ICICI Bank were leading the pack of Sensex gainers.
