Share market update: Telecom shares down; RCom slumps nearly 5%

NEW DELHI: The S&P BSE Telecom index was down in Wednesday’s afternoon session with most of its components trading in the red.

Shares of Reliance Communications (down 4.88 per cent), Vindhya Telelinks (down 2.78 per cent), Bharti Airtel (down 2.41 per cent)and GTL (down 2.37 per cent) were the top losers in the index.

Tata Teleservices (Maharashtra) (down 1.99 per cent), GTL Infrastructure (down 1.96 per cent), Tejas Networks (down 1.91 per cent)and Tata Communications (down 1.89 per cent) too were trading with losses.