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Jio impact: Bharti Airtel, Idea skid over 9%, Idea nears four-year low

Idea Cellular dipped 10% to Rs 83.70, Bharti Airtel down 9% to Rs 302 and RCom by 5.3% at Rs 51 on the BSE.

Reliance Jio
Reliance Jio

Shares of Bharti Airtel and Idea Cellular lost up to 10% 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 dipped 10% to Rs 83.70, its lowest level since October 30, 2012 on the BSE after the news report. The trading volumes on the counter jumped nearly seven-fold with a combined 48.93 million shares changed hands on the BSE and ...