After opening the day on a positive note, the Indian share markets have continued the momentum and are currently trading comfortably in green. Sectoral indices are trading on a mixed note, with stocks in the pharma sector and the energy sector witnessing maximum buying interest. While, stocks in the metals sector are leading the losses.

The BSE Sensex is trading up 126 points (up 0.4%) and the NSE Nifty is trading up 28 points (up 0.3%). Meanwhile, the BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index is trading up by 0.4%. The rupee is trading at 63.99 to the US$.

In news from stocks in the telecom sector, Bharti Airtel share price is in focus today after it announced a strategic partnership with South Korean telecom major STK Telecom.

SKT Telecom known for using latest technologies, will partner with Airtel to build the most advanced telecom network in India.

The two companies will also collaborate on an on-going basis to evolve standards for 5G and advanced technologies like network functions virtualization (NFV), software-defined networking (SDN) and Internet of Things (IoT).

The companies will jointly work towards building an enabling ecosystem for the introduction of these technologies in the Indian context.

There has been a quest among Indian telecom operators for delivering high speed mobile broadband to consumers. As per data published by sector regulator TRAI, Reliance Jio has been offering about double the speed delivered by its closest rival at around 18 megabits per second.

SK Telecom has led the development of the global mobile telecommunications industry by launching CDMA (2G), WCDMA (3G) and LTE-A (4G) for the first time in the world. The company has been offering up to 500 Mbps 4G speed using carrier aggregation technology.

Jio’s Data Pricing Disrupts the Telecom Apple Cart

The entry of Reliance Jio and the fierce tariff war it has triggered has set off brisk activity in the industry for fundraising and consolidation, as the incumbents look for ways and means to fend off the competition.