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Reliance Communications plunged 8 percent. Reliance Capital, Reliance Naval and Reliance Infrastructure fall 1 percent each The broader markets continued to outperform equity benchmarks in afternoon, with the Nifty Midcap index trading near its record high level.
The 30-share BSE Sensex was down 30.27 points at 33,694.17 and the 50-share NSE Nifty fell 4.80 points to 10,394.70.
About 1,428 shares advanced against 1,046 declining shares on the BSE.HDFC (up 1.14 percent) and HDFC Bank (0.6 percent) continued to support the market while Reliance Industries, ICICI Bank, ITC, Infosys and L&T were down around a percent each.
Telecom regulator, TRAI, has issued recommendations on net neutrality. The two major recommendations are: 1) Internet service providers must not engage in discriminatory treatment of content, and 2) Licensee can't enter into an agreement that has any discriminatory content effect.
The Telecom Regulatory Authority of India (TRAI) on Tuesday also recommended an amendment to licence agreement with regard to internet services providers (ISPs), among other recommendations for the much-awaited net neutrality debate.
Upholding the basic principle that internet is an open platform and telecom pipe should not discriminate the access, the regulator has put forth a list of recommendations which includes services that will be exempted from this amendment.
The Jammu and Kashmir government has asked the heads of various PSUs to make the corporations more viable and turn them into pure profit earning units.
"Government is providing all necessary support in terms of financial help or administrative support, but real responsibility lies with the persons heading these units to transform them into a pure profit earning unit," Finance Minister Haseeb Drabu said reviewing the functioning of various PSUs in the state here.
The minister said there was a need for formulation of effective working plan with adoption of innovative measures for generation of revenue in a better way and to re-double efforts towards making the corporations more viable.
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