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Telecom shares slide

Telecom stocks were trading with losses, with the S&P BSE Telecom index falling 28.42 points or 2.02% at 1378.82 at 13:48 IST. Among the components of the S&P BSE Telecom index, Mahanagar Telephone Nigam Ltd (down 5.49%), Reliance Communications Ltd (down 4.95%),GTPL Hathway Ltd (down 4.62%),Tata Communications Ltd (down 3.92%),HFCL Ltd (down 2.56%), were the top losers. Among the other losers were Bharti Airtel Ltd (down 2.41%), Vodafone Idea Ltd (down 1.78%), ITI Ltd (down 0.49%), and Vindhya Telelinks Ltd (down 0.04%). On the other hand, OnMobile Global Ltd (up 4.95%), Tejas Networks Ltd (up 1.53%), and Indus Towers Ltd (up 0.75%) moved up. At 13:48 IST, the S&P BSE Sensex was down 738.68 or 1.53% at 47608.91.

Telecom shares fall

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