Reliance Industries, Bharti Airtel stocks surrender early gains in mid session

Shares of Reliance Industries as well as Bharti Airtel began the trade on a positive note on Wednesday but soon pared all the gains and were trading lower in the afternoon trade.

The shares of bellwether Reliance Industries and Bharti Airtel rose after the two firms announced their partnerships with Elon Musk’s SpaceX for providing high-speed internet services in India.

Bharti Airtel stock opened with a gain of 3.37 per cent to hit a high of Rs 1,717.25 apiece on the BSE. Soon, it pared all gains and traded 1.28 per cent lower at Rs 1,640.