Telecom Market Today | Stocks Falling Down

By Sreyasi De 16-Apr-2018

The week started with a red alert for telecom sector as per early morning trades. All the big players including MTNL went down to the far bit today. Even the BSE index was trading at 0.47% down with 1,290 figure at early morning today.
Shares of GTL Infrastructure was down by 2.91%, Tata Communications was down by 2.21%, GTPL Hathway was down by 1.45%, MTNL was down by 0.47% and Reliance Communications went down by 1.35. Not only these big players but also other big shots including ITI, Aksh Optifibre, and Idea Cellular went down by 1.60%, 1.98%, and 0.83% respectively. Today morning Bharti Airtel went down by 0.15% while Bharti Infratel went 0.29% down. Other than these companies, NSE Nifty50 index was down 12 points at 10,469. Infosys and Tata Motors were trading at 3% down today.
However, while most of the telecom players were grounded by red, some made it to the green shades with rising shares. Among the rising stars, Tata Teleservices (Maharashtra) was up by 1.01%, Sterlite Technologies was up 0.44%, Vindhya Telelinks was up by 0.59%, and OnMobile Global went up by 0.32% this morning. Among all the 31 stocks of Sensex index, 12 were in the red while 19 were trading in the green field.
However, the Global brokerage firm Jefferies expecting a subdued quarter for the telecom solution sector while the giants like Idea Cellular and Bharti Airtel might face quarter loss.

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