Shares of telecom companies are trading higher for the third straight day with Reliance Communications and Idea Cellular hitting 52-week highs after the Telecom Regulatory Authority of India (TRAI) reduces ceilings for national roaming calls and SMS.
The sector regulator also permitted flexibility to telecom service providers to customise tariffs for national roaming subscribers via Special Tariff Vouchers (STVs) and Combo Vouchers.
Analyst at Edelweiss Securities believes that this announcement as a positive as earlier TRAI had proposed abolition of national roaming charges in view of its intent of moving towards One Nation-Free Roaming.
Among the individual stocks, Reliance Communications made a high of Rs.130.10. The stock has rallied 20% in past three trading sessions compared to a 0.19% drop in benchmark Sensex.
Idea Cellular made gave a high of Rs.150.65, extending its 4.4% rally in past two days.
Bharti Airtel and Tata Teleservices (Maharahastra) were trading higher in the range of 1-3%.
Nifty closed at 5822.25 up by 8.65%.
Hindalco, SesaGoa, Ambuja Cement, Jindal steel,Tatasteel were among the top gainers.
The sector regulator also permitted flexibility to telecom service providers to customise tariffs for national roaming subscribers via Special Tariff Vouchers (STVs) and Combo Vouchers.
Analyst at Edelweiss Securities believes that this announcement as a positive as earlier TRAI had proposed abolition of national roaming charges in view of its intent of moving towards One Nation-Free Roaming.
Among the individual stocks, Reliance Communications made a high of Rs.130.10. The stock has rallied 20% in past three trading sessions compared to a 0.19% drop in benchmark Sensex.
Idea Cellular made gave a high of Rs.150.65, extending its 4.4% rally in past two days.
Bharti Airtel and Tata Teleservices (Maharahastra) were trading higher in the range of 1-3%.
Nifty closed at 5822.25 up by 8.65%.
Hindalco, SesaGoa, Ambuja Cement, Jindal steel,Tatasteel were among the top gainers.
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