Bharti Airtel, Vodafone Idea stocks down in early trade

NEW DELHI: The stocks of telecom companies Bharti Airtel and Vodafone Idea were trading at Rs 428 (down 1.92%) and Rs 6.39 (down 9.62%) in early trade at the Bombay Stock Exchange (BSE) Thursday morning.

Bharti Airtel’s stocks were opened at Rs 443.90 while Vodafone Idea’s at Rs 7.77.

The Cabinet Wednesday cleared a two-year moratorium on spectrum payments to give immediate relief of more than Rs 42,000 crore to India’s three mobile phone companies, two of which — Bharti Airtel and Vodafone