Share market update: Telecom shares fall; RCom slumps over 4%

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

Shares of Reliance Communications (down 4.77 per cent), Himachal Futuristic Communications (down 2.56 per cent), ITI (down 2.35 per cent), and OnMobile Global (down 1.80 per cent) were trading with losses.

Vodafone Idea (down 1.48 per cent), Sterlite Technologies (down 1.26 per cent), Tata Communications (down 0.79 per cent) and Bharti Airtel (down 0.78 per cent) too were trading lower.

The S&P BSE Telecom index was trading 0.47 per cent down at 1050.71 around 11:57 am.