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NEW DELHI: A majority of telecom stocks were under pressure in afternoon trade on Thursday.
The BSE Telecom index was trading 0.11 per cent down at 1,160 around 02:45 pm.
Tata Teleservices (Maharashtra) (down 2.70 per cent), OnMobile Global (down 2.32 per cent), Himachal Futuristic Communications (down 2.32 per cent), Tejas Networks (down 2.25 per cent), Vindhya Telelinks (down 2.07 per cent) and GTL (down 2.05 per cent) were the top losers in the index.
Aksh Optifibre (down 2.01 per cent), Bharti Infratel (down 1.08 per cent), Sterlite Technologies (down 0.89 per cent) and Tata Communications (down 0.81 per cent) were also among the losers.
However, ITI (up 7.85 per cent), GTPL Hathway (up 4.01 per cent), Mahanagar Telephone Nigam (up 2.33 per cent), Reliance Communications (up 1.33 per cent) and Bharti Airtel (up 0.65 per cent) were in the green around that time.
Benchmark BSE Sensex was up 86 points at 38,372, while the NSE Nifty50 index was up 19 points at 11,590.
Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.
In the Sensex kitty, 14 stocks were advancing, while 17 were declining.
Tata Motors, Vedanta and Tata Steel were among the top losers in the Sensex index.
Larsen Toubro, NTPC and Reliance Industries were among the top gainers in the Sensex pack of stocks.
