Pai said about 80 pc of those who lose jobs would have employment opportunities in industries in general if they are specialists.
The broader NSE Nifty slipped 10.95 points, or 0.09 per cent, to end at 11,884.50.
Government plans to float global tenders for the first time for coal mining blocks before end-2019.
Trai's move to reopen the deadline for ending IUC beyond January 2020 had forced Jio to levy a 6 paise per minute charge on its users.
In 2018, government put up 76 per cent stake of Air India for sale, which saw a lukewarm response by investors.
At the interbank foreign exchange the rupee opened at 71.67, then gained further ground and touched a high of 71.59.
Vodafone Idea Ltd faces a liability of Rs 44,150 cr after SC ordered that non-telecom revenues should be included in the AGR.
The traffic grew just 1.18 per cent in September, as per the latest available official data.
After hitting a high of 40,542.40, the 30-share index pared some gains to trade 72.26 points, or 0.18 per cent, higher at 40,428.95.
This will be the third round of bidding process in the Jaypee Infratech insolvency matter.