Bharti Infratel shares gain on FTSE inclusion

Mon Dec 31, 2012 1:42pm IST

The sun rises behind a communications tower in New Delhi March 20, 2006. REUTERS/B Mathur/Files

The sun rises behind a communications tower in New Delhi March 20, 2006.

Credit: Reuters/B Mathur/Files

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Reuters Market Eye - Shares in Bharti Infratel rose 1.3 percent after the FTSE said on Friday it would include the mobile tower company to its large cap index starting on January 7, with an investability weighting of 9 percent.

Market participants said the move was sentimentally positive, and would prompt buying from passive trackers of the FTSE indexes.

Bharti Infratel shares slumped 13 percent on its listing day on Friday, weighed by cautious outlook for the mobile tower operator.

(Reporting by Manoj Dharra)

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