Reliance Jio tariff hike rumours send Airtel, Vodafone soaring

NEW DELHI: Shares of telecom majors rallied up to 9 per cent in Monday’s trade amid market rumours that Reliance Jio may increase tariffs this week.

Bharti Airtel closed 5.29 per cent higher at Rs 367.25, while Vodafone Idea jumped 9.03 per cent to Rs 6.16.

With a gain of nearly 4 per cent, the BSE Telecom index emerged top gainer among the BSE sectoral indices. The benchmark BSE Sensex closed 155.24 points, or 0.40 per cent, down at 38,667.