Voda Idea, Bharti Airtel fall, PSUs mixed post SC observations on AGR issue

Among the major highlights of the hearing were Supreme Court's direction to the Department of Telecom to reconsider demands raised against the PSUs

Shares of leading telecom players, Vodafone Idea and Bharti Airtel, slipped up to 13 per cent on Thursday while those of public sector undertakings (PSUs) such as Power Grid Corporation of India, Oil India, Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) ended in the green post the Supreme Court's (SC) observations on the adjusted gross revenue (AGR) issue.

Shares of Vodafone Idea slipped 13 per cent to Rs 9.39, falling 18 per cent from its intra-day high of Rs 11.44 on the BSE on heavy volumes. The trading volumes on the counter jumped nearly two-fold with a combined 2,445 million equity