After opening the day on a flat note, share markets in India witnessed volatile trading activity and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the FMCG sector and stocks in the banking sector trading in green, while stocks in the power sector are leading the losses.

The BSE Sensex is trading down by 55 points (down 0.2%), and the NSE Nifty is trading down by 11 points (down 0.1%). Meanwhile, the BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is trading down by 0.1% The rupee is trading at 64.62 to the US$.

In news from stocks in the telecom sector. Less than a week after Telecom Regulatory Authority of India (TRAI) ordered Reliance Jio (Jio) to withdraw its free offer, the company has come up with another similar offer with disruptive pricing.

The company unveiled a new plan for mobile phone subscribers, offering three months of freebies besides 1GB data a day for a one -time recharge of Rs 309 and above, drawing criticism from Bharti Airtel, which deemed it similar to the new entrant’s previous plan that the regulator had stopped.

The telecom regulator had directed Jio to cease its Summer Surprise offer last week, thwarting its attempts to widen its subscriber base through free services.

The Summer Surprise offer announced last week, promised to provide complimentary services to every Jio Prime member for three months starting April 1.

While the operator has complied with the Telecom Regulatory Authority of India’s (TRAI) order, all those who have already signed up will continue to get free services under the offer till July.

Jio was expected to start charging for its services from April 1. However, it extended the deadline to buy the Rs 303 plan and other plans until April 15.

Under the Jio Summer Surprise offer, those who bought the Rs 99 Prime membership by April 15, with a Rs 303 plan or higher, would be eligible for three months’ complementary services.

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