INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Telecom biggies Idea Cellular (down 4.76 per cent), Bharti Airtel (down 0.67 per cent) and Bharti Infratel (down 0.12 per cent)
were incurring losses during Wednesday's trade after Reliance Jio announced a new cheaper prepaid plan for its consumers.
Reliance Jio has
announced that all its prepaid users will get 1.5 GB data more
This new offer is available on all prepaid recharges till June 30, 2018
Losses in telecom heavyweights dragged the sectoral index down
The BSE Telecom was trading 0.72 per cent down at 1,207 around 12:40 pm
On the other hand, shares of GTL (up 6.96 per cent), OnMobile Global (up 4.71 per cent), ITI (up 3.05 per cent), Vindhya Telelinks (up 2.84
per cent) and GTL Infrastructure (up 2.05 per cent) were witnessing traction.
Shares of Sterlite Technologies (up 1.86 per cent), GTPL
Hathway (up 1.71 per cent), Himachal Futuristic Communications (up 0.94 per cent), Aksh Optifibre (up 0.63 per cent), Reliance
Communications (up 0.62 per cent), Mahanagar Telephone Nigam (up 0.55 per cent), Tata Teleservices (Maharashtra) (up 0.40 per cent) and
Tejas Networks (up 0.26 per cent) were also among the gainers around that time.
Benchmark BSE Sensex was up 128 points at 35,821, while the
NSE Nifty50 index was up 34 points at 10,877.
Among the 50 stocks in the Nifty index, 30 were trading in the green, while 20 were in the red
Tata Steel, Hindustan Unilever, ONGC and Bharti Airtel were leading the pack of Sensex losers.
