INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Losses in shares of Idea Cellular (down 3.13 per cent), OnMobile Global (down 1.55 per cent), Bharti Infratel (down 0.99 per
cent) and Himachal Futuristic Communications (HFCL) (down 0.60 per cent) weighed on the telecom pack in Wednesday's session.
The BSE Telecom
index was trading 0.15 per cent down at 1,167 around 02:40 pm
Shares of Bharti Airtel (up 0.04 per cent) and Tata Communications (down 0.07 per cent) were nearly flat around that time
However, shares of Tata Teleservices (Maharashtra) (up 6.35 per cent), Tejas Networks (up 5.14 per cent) and GTL Infrastructure (up 4.58
per cent) witnessed strong traction.
ITI (up 1.41 per cent), Reliance Communications (up 1.25 per cent), GTPL Hathway (up 1.21 per cent),
Mahanagar Telephone Nigam (up 1.01 per cent), Vindhya Telelinks (up 0.63 per cent), Aksh Optifibre (up 0.49 per cent) and Sterlite
Technologies (up 0.19 per cent) too found themselves among the gainers
Equity market was reflecting cautious mood ahead of August series FO expiry scheduled tomorrow
A fresh fall in the Indian rupee against the US dollar too hit the sentiment.
Benchmark BSE Sensex was 69.8 points down at 38,826.83, while
the NSE Nifty50 index was down 24.90 points at 11,713.60
Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red
In the Sensex index, 17 stocks were advancing, while 14 were declining
State Bank of India, Tata Steel and ONGC were leading among Sensex gainers
Coal India, PowerGrid and Reliance Industries were among the top losers in the Sensex index.
