The S&P BSE telecom index fell by almost 2 percent, with stocks of major telecom operators such as Bharti Airtel and Idea Cellular figuring among the worst losers. During the market closing time, the telecom index fell by 27.73 points or 1.88 percent to close at 1,445.41 points. Also Read - Reliance Jio vs Vi vs Airtel: Best 4GB daily data prepaid plans under Rs 600Also Read - Sardar Udham Released on Amazon Prime Video: How to watch Vicky Kaushal starrer for free
According to market observers, telecom players like Bharti Airtel and Idea Cellular suffered losses following the announcement of launch of the JioPhone ‘intelligent smartphone’ by industrialist Mukesh Ambani-led Reliance Industries (RIL) last week. ALSO READ: Bharti Airtel, Vodafone, Idea, other telcos under-reported Rs 61,064 crore revenues: CAG Also Read - CSK vs KKR IPL 2021 final match livestream today at 7:30PM: How to watch live for free online
Bharti Airtel was the worst loser on the BSE and closed 2.40 percent lower at Rs 416 per share. Airtel was followed by Idea Cellular, down 2.11 percent at Rs 92.65 per share, and MTNL, down 1.87 percent at Rs 20.95 per share.