Markets remain range-bound; telecom stocks sink
Idea Cellular has dipped 8% to Rs 86.10, also its 52-week low on the BSE
SI Reporter |
Last Updated at September 1, 2016 12:09 IST
Markets were trading flat with cement shares among the top losers after CCI imposed a penalty on select companies for cartelisation. Shares of Bharti Airtel and Idea Cellular lost up to 8% on the bourses after Mukesh Ambani, Chairman of Reliance Industries (RIL) at the company's annual general meeting today announced the launch of Reliance Jio 4G services offering free voice calls for Jio customers and zero roaming charges across India from September 5 to December 31, 2016.
Idea Cellular has dipped 8% to Rs 86.10, also its 52-week low on the BSE after the news report. Bharti Airtel ...
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard
First Published: Thu, September 01 2016. 12:06 IST