Share market update: Telecom shares fall; Vodafone Idea plunges 15%
Benchmark NSE Nifty50 index was up 42.95 points at 11,883.40.
Shares of Vodafone Idea (down 15.41 per cent) , Bharti Infratel (down 6.23 per cent) , Reliance Communications (down 4.69 per cent) and Sterlite Technologies (down 3.21 per cent) were trading with losses.
Bharti Airtel (down 2.63 per cent) , GTL Infrastructure (down 2.33 per cent) , Tejas Networks (down 1.09 per cent) and OnMobile Global (down 0.15 per cent) too were trading lower.
The S&P BSE Telecom index was trading 3.60 per cent down at 882.21 around 11:11 am.
Benchmark NSE Nifty50 index was up 42.95 points at 11,883.40 while the BSE Sensex was up 201.54 points at 40,317.60.
Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red.
Shares of Vodafone Idea, YES Bank, Chola Inv Fin, PowerGrid, Adani Power, Bank of Baroda, SAIL, BHEL and Ashok Leyland were among the most traded shares on the NSE.