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Sensex Ends Lower; Telecom Stocks Slump

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Sensex Ends Lower; Telecom Stocks Slump
Indian shares edged lower on Thursday, reversing recent gains as telecom stocks such as Bharti Airtel Ltd slumped after Reliance Industries Ltd said it would roll out a fourth-generation network with free voice calls and rock-bottom data prices.

The broader NSE Nifty closed down 0.13 percent at 8,774.65, while the benchmark BSE Sensex closed 0.10 percent lower at 28,423.48.

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Bharti shares fell 6.3 percent, their biggest single-day decline since August 2012, while Reliance dropped 2.9 percent.
© Thomson Reuters 2016


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