MARKET EYE-India's Bharti Infratel shares gain on FTSE inclusion

Mon Dec 31, 2012 1:14pm IST

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* Shares in Bharti Infratel Ltd rose 1.3 percent after
the FTSE said on Friday it would include the mobile tower
company to its large cap index starting on Jan. 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.
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