Reliance Jio effect: Airtel, Idea, RCom and others lose Rs 16,997 cr in m-cap
Telecom stocks were hit by severe selling pressure Thursday, falling sharply by up to 11 per cent in intra-day trade, which wiped out Rs 16,997 crore from their market valuation after RIL chief Mukesh Ambani read out aggressive plans for Reliance Jio network.
Sep 01, 2016, 19:56 PM IST