Stock Market Update: Most telecom stocks were suffering losses in afternoon trade on Monday.

The BSE Telecom index was trading 0.62 per cent down at 1,163 around 02:40 pm.

OnMobile Global (down 4.70 per cent), Tejas Networks (down 3.77 per cent), Reliance CommunicationsNSE -2.60 % (down 1.74 per cent) and MTNL (down 1.64 per cent) were the top losers in the telecom index.

Aksh Optifibre (down 1.62 per cent), Himachal Futuristic Communications (down 1.61 per cent), Vindhya Telelinks (down 1.58 per cent), Tata Teleservices (Maharashtra) (down 1.21 per cent) and Sterlite Technologies (down 1.20 per cent) declined in that order.

Shares of GTL (down 0.78 per cent), Bharti Airtel (down 0.74 per cent) and Bharti Infratel (down 0.67 per cent) too were in the red.

However, shares of GTL Infrastructure (up 2.13 per cent), ITI (up 1.91 per cent) and Vodafone Idea (up 0.53 per cent) were in the green around that time.