Published on 17/02/2017 11:12:59 AM | Source: Dion Global Solutions Ltd.

Idea Cellular falls nearly 3% on exclusion from Nifty50 index

Shares of Idea Cellular dipped nearly 3 per cent in early trade on the Bombay Stock Exchange after the Mumbai-based telecom major was removed from NSE’s Nifty50 index. Weighed down by the development, shares of company declined as much as 2.96 per cent to hit an intra-day low of Rs 104.50 apiece on the Bombay Stock Exchange.

In a similar fashion, stocks of company slipped 2.83 per cent to Rs 104.80 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 28,554.92, up 253.65 points, or 0.90 per cent.