Reliance Jio offering a lot of sops with the preview launch of its services on Sep 5 may have boosted customer sentiment but it led to sell-off in telecom stocks and profit booking in Reliance Industries, which weighed on market sentiment, according to media reports.
Bharti Airtel, Reliance Communications and Idea Cellular took a beating on Thursday
However, FMCG, metals, auto and select banks limited the downside, media reported.
Some of the key stocks that gained on Thursday were GAIL, Lupin, Mahindra & Mahindra, HDFC and UltraTech Cement.
Image:Wikimedia Commons
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