Telecom scrips jump

Shares of Bharti Airtel and Vodafone Idea on Thursday jumped up to 6 per cent after Reliance Jio announced that it will charge customers 6 paise per minute for voice calls made to other networks.

The run-up in their share prices came on expectations that these operators may also raise tariffs in response.

While the Vodafone Idea scrip settled with gains of 5.82 per cent at Rs 6.18, the Bharti Airtel share rose 5.05 per cent, or by Rs 18.15, to Rs 377.40.

Shares of Reliance Industries settled 2.76 per cent higher at Rs 1,362.40 on a day the benchmark index slumped over 297 points.