Reuters Market Eye - Shares in Idea Cellular(IDEA.NS) 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 Nifty.
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.
Trending On Reuters
Earthquake Strikes Nepal
A powerful earthquake struck Nepal and sent tremors through northern India on Saturday, killing hundreds of people, toppling a 19th-century tower in the Nepalese capital Kathmandu and triggering a fatal avalanche on Mount Everest. Full Article
RBI chief Rajan calls for formal financing routes for farmers - report Full Article
India to host Afghan leader, seeks to regain ground lost to China, Pakistan Full Article