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Telecom stocks on Monday’s trade are losing ground and major stocks in the BSE Telecom index are trading in red dragging the index to its lows.Heavyweight stocks, TTML is down by 3.7%, GTL Infra is down by 3.3%, RCom is down by 3.3%, MTNL is down by 1.7% and Bharti Airtel is down by 1.2%.
Meanwhile some stocks in the sectoral index are trading in green. HFCL is up by 3.5%, Vindhyatel is up by 1.6%, Stretch is up by 1.2% and Infratel is up by 0.6%.Bharti Airtel is the major contributor to the sectoral index and pulling the index down.
The S&P BSE Sensex is trading at 28990 down 57 points, while NSE Nifty is trading at 8939 down 24 points. A total of 31 stocks registered a fresh 52-week high in trade today, while 9 stocks touched a new 52-week low on the NSE. The BSE Mid-cap Index is trading up 0.1% at 13502, whereas BSE Small-cap Index is trading down 0.01% at 13669.
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