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Tuesday, 21 February 2017

BSE Telecom index is trading at 1286.13 levels, down by 22.35 points or 1.71%.Telecom companies are trading under pressure after Reliance Industries’ chairman, Mukesh Ambani said that Reliance Jio has crossed the 100 million customers mark in just 170 days. Reliance Jio’s voice plans will remain free of cost even after March 31, 2017. But from April 1, 2017 data consumption will be charged.

Bharti Airtel and Bharti Infratel are contributing the most to the Telecom index’s loss.Bharti Infratel is trading at Rs 297.75 per share, down by Rs 11 per share or 3.56%. Bharti Airtel is trading at Rs 367 per share, down by Rs 8.65 per share or 2.30%.

Other Telecom companies like Idea cellular, OnMobile Global Ltd., and GTL Infra are trading in red in Tuesday’s trading session. Tata Teleservices (Maharashtra) Ltd., is trading at Rs 6.66 per share, up by Rs 0.22 per share or 3.42%. CMI Ltd., is trading at Rs 178.80 per share, up by Rs 8.10 per share or 4.75%.
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