Stock market update: Telecom stocks slip; RCom dips 5%

NEW DELHI: S&P BSE Telecom stocks were trading on a negative note at 01:20PM (IST) on Thursday.

Shares of HFCL Ltd (down 5.22 per cent), Reliance Communications (down 5.0 per cent), OnMobile Global (down 4.99 per cent), Bharti Airtel (down 2.21 per cent) and Tata Communications (down 1.54 per cent) were the top losers in the index.

While Optiemus Infracom (up 4.92 per cent), Bharti Infratel Ltd (up 1.8 per cent), Sterlite Technologies (up 0.76 per cent) and Vodafone Idea (up 0.34 per cent) were among the top gainers.

The S&P BSE Telecom index was trading 1.63 per cent down at 1252.19 around 01:20PM.

Benchmark NSE Nifty50 index was down 16.10 points at 11292.3, while the BSE Sensex was down 83.71 points at 38285.92.

Among the 50 stocks in the Nifty index, 24 were trading in the green, while 24 were in the red.

Shares of YES Bank, Alok Industries, Vodafone Idea, Ashok Leyland and IDFC were among the most traded shares on the NSE.

Shares of Hindustan Aeronautics Ltd., Galaxy Surfactants Ltd., Tube Investments of India Ltd., Tata Consumer Products and Gujarat Gas Ltd. hit their fresh 52 week high in today's trade, while Mauria Udyog Ltd., 7NR Retail Ltd., Shree Nidhi Trading Co. Ltd., Panth Infinity Ltd., Viaan Industries Ltd., Emmsons International Ltd., Colorchips New Media Ltd., SC Agrotech Ltd., Anubhav Infrastructure Ltd. and Rainbow Denim Ltd. hit fresh 52 week low in trade.