New Delhi, Dec. 3 -- Vodafone Idea share price rallied over 4% in early trade on Wednesday despite a sell-off in the broader Indian stock market today. Extending gains for the second straight session, the telecom stock rose as much as 4.24% to Rs.10.57 apiece on the BSE.

The rally in Vodafone Idea share price today comes as the Union Government is seen moving closer to finalising its stance on the telco's relief proposal related to adjusted gross revenue (AGR) dues.

Union Telecom Minister Jyotiraditya Scindia said the Centre is awaiting a formal request from the telecom company before moving ahead with any relief measures.

In an interview with CNBC-TV18, Scindia said the ministry was examining the legal boundaries set by the Supreme Co...