Sensex choppy; Bharti, Idea tank 8% after Rel Jio’s tariff plans

Equity benchmarks continued to be volatile as the Nifty remained in a tight range around 8780 in noon trade.

The 30-share BSE Sensex was down 16.21 points at 28435.96 and the Nifty down 8.35 points at 8777.85.

Reliance Industries remained in focus after the company’s chairman Mukesh Ambani decided to launch Reliance Jio on September 5. Commercial launch of Jio will be on December 31.

Bharti Airtel and Idea Cellular shed 8 percent after Reliance Jio’s tariff plans.

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