Stock Market

Most Telecom Stocks Suffer Losses In Stock Exchange Market On Monday

Most telecom stocks in the stock exchange market were enduring losses in evening trade on Monday. Some telecom stocks were exchanging better than average gains towards the evening session of a trade on Friday, keeping the sectoral index up.

The BSE Telecom index was exchanging 0.62 percent down at 1,163 around 02:40 pm. Aksh Optifibre (down 1.62 percent), Vindhya Telelinks (down 1.58 percent), Himachal Futuristic Communications (down 1.61 percent), Tata Teleservices (Maharashtra) (down 1.21 percent) and Sterlite Technologies (down 1.20 percent) declined in a specific order.

The stocks were the best failures in the telecom index that are On Mobile Global, Reliance Communications, Tejas Networks, and MTNL.

In the stock exchange market shares of GTL (down 0.78 percent), Bharti Airtel (down 0.74 percent) and Bharti Infratel (down 0.67 percent) too were in the red. OnMobile Global (down 4.70 percent), Tejas Networks (down 3.77 percent), Reliance Communications (down 1.74 percent) and MTNL (down 1.64 percent) Himachal Futuristic Communications (down 0.20 percent) declined in order and were the failures in the telecom index.

Be that as it may, shares of GTL Infrastructure (up 2.13 percent), ITI (up 1.91 percent) and Vodafone Idea (up 0.53 percent) were in the green around that time. PowerGrid, Tata Steel and Kotak Mahindra Bank were among the top Sensex gainers.

Among the 50 stocks in the Nifty index, 8 were trading in the green, while 42 were in the red.

According to the report of Economic Times, the benchmark BSE Sensex was 427 points down at 37,963, while the NSE Nifty50 index was down 142 points at 11,447.

In the stock exchange market, six stocks were progressing and 25 were declining. Hub Bank, Infosys, and YES Bank were among the gainers in the Sensex index. Sun Pharma, Vedanta and Mahindra, and Mahindra were among the failures in the Sensex kitty of stocks, according to a report by Mcrworld.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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