Shares of five telecom stocks dropped 1.3% to 11.05% at 15:03 IST on BSE after Reliance Jio Infocomm announced launch a post-paid to offer unlimited benefits at Rs 199 per month.
Idea Cellular (down 11.05% at Rs 51.90), Bharti Airtel (down 6.49% at Rs 385.50), MTNL (down 1.94% to Rs 17.65), Reliance Communications (down 1.43% at Rs 13.75) and Tata Teleservices (Maharashtra) (down 1.3% to Rs 5.33) declined.
Shares of Reliance Industries (RIL) were up 0.64% at Rs 987. Reliance Jio Infocomm (Jio) is a telecom subsidiary of RIL.
Meanwhile, the S&P BSE Sensex was up 191.68 points or 0.54% at 35,437.95.
Reliance Jio Infocomm (Jio) announced its new postpaid plan offering lowest tariffs in India and abroad to the postpaid users. The all new JioPostpaid will be available for subscription starting 15 May 2018. The plan offers free voice calls and SMS, subscription to Jio apps, 25 GB data, international calling starting at 50 paisa per minute and international roaming at home-like rates.
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