MARKET EYE-Idea falls on profit taking, loss in market share

Fri Nov 30, 2012 1:32pm IST

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Stocks

   

* Shares in Idea Cellular fall 3.2 percent on
profit-taking after rising 16.12 percent in November as of
Thursday's close versus a gain of 3.6 percent in the NSE index
.
* Dealers say the reduction in regulatory uncertainty after
lower-than-expected receipts in the 2G auction helped the stock
gain in November but it's priced in.
* UBS said in a report on Thursday that as per the Telecom
Regulatory Authority of India's (TRAI) September quarter revenue
report, Idea lost market share in all circles.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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