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Indian Telecom sector is witnessing stiff competition of all time post Reliance Jio entry. Reliance Jio launched its sophisticated 4G network attached service. Reliance jio also launched LYF Smartphone brand to complete the ecosystem in order to create all in one platform.

Research In Motion (NASDAQ:RIMM) the gigantic wireless innovation leader, reported that the BlackBerry(R) smartphones, operating on the great new BlackBerry(R) 7 and BlackBerry(R) 7.1 OS got FIPS 140-2 (Federal Information Processing Standard) certification by the National Institute of Standards and Technology (NIST) and the Communications Security Establishment Canada (CSEC).Moreover FIPS 140-2 has been recognized by the U.S. and Canadian governments and also required under the Federal Information Security Management Act of 2002 (FISMA).

Freedom 251 : Expressing concern over the inaugration of a smartphone at price as low as 251 Rupee(INR) mobile industry body ICA has written to Minister of Telecom Ravi Shankar Prasad to get into depth of the issue, saying the rate could not be below Rs 3,500 even after a subsidised sale.Click for Commodity tips

Some stocks that have been long out of investor favor, including AOL and NFLX both gained ground on respective announcements today. Chip companies were higher across the board as technical levels inspired buying.